Indiana § 6-3-2-24 - Income tax exemption; Olympic medalist
Full text of Indiana Indiana Code § 6-3-2-24 — Income tax exemption; Olympic medalist, with citation guidance and answers to common questions.
§ 6-3-2-24. Income tax exemption; Olympic medalist
Sec. 24. (a) This section applies to a taxable year beginning after December 31, 2013.
(b) As used in this section, "international committee" refers to the International Olympic Committee and the International Paralympic Committee.
(c) As used in this section, "Olympic games" refers to an international sports competition conducted every two (2) years by an international committee, including both the summer and winter games.
(d) As used in this section, "Olympic medal" refers to a gold, silver, or bronze medal won by an individual competing at the Olympic games.
(e) An individual is entitled to an exemption from the adjusted gross income tax imposed under this article equal to the sum of:
(1) the value of an Olympic medal won during the taxable year; plus
(2) the amount of income received during the taxable year from the United States Olympic Committee as prize money for winning the Olympic medal.
As added by P.L.87-2014, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 6-3-2-24
What does Indiana Code § 6-3-2-24 cover?
Section 6-3-2-24 ("Income tax exemption; Olympic medalist") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 6-3-2-24?
A common citation format is "Indiana Code § 6-3-2-24" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 6-3-2-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.