Rio

House Panel to Consider Tax Exemption for Olympic Medal Winners
Ways and Means Committee will mark up bill in September

A Brazilian soldier keeps watch in front of the Olympic beach volleyball stadium in Rio de Janeiro. (Mario Tama/Getty Images)

The House Ways and Means Committee will mark up a bill in September that would provide a tax exemption for Olympic athletes who won medals or other prizes at the games in Rio de Janeiro this summer.

The bill, sponsored by Republican Reps. Robert J. Dold of Illinois and Blake Farenthold of Texas, is the House companion measure to a bill the Senate passed earlier this year.