Mississippi House passes bill that would remove taxes from student-athletes’ NIL money
HB 4014 passed 76-32 to help Mississippi schools compete with SEC states that have no state income tax, potentially saving athletes $3.2 million collectively, supporters said.
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7 Articles
Mississippi House passes bill that would remove taxes from student-athletes’ NIL money
Mississippi House passes bill that would remove taxes from student-athletes’ NIL money JACKSON, Miss. (WLBT) – Mississippi lawmakers are passing legislation to encourage top college athletes to stay in the state. The House passed a bill, HB 4014, on February 25, that would make all money earned from Name, Image, and Likeness tax-free for student-athletes who have NIL deals. It still has to go through the Senate, but if it becomes law, players at…
Mississippi Bill Would Exempt NIL From Income Tax
The Mississippi House of Representatives passed a bill that would remove income tax from any name, image and likeness (NIL) deals for athletes at colleges and universities in the state of Mississippi on Feb. 25. House Bill 4014 was sent to the Senate on Feb. 26. The Mississippi state government is attempting to make the state more attractive for college athletes, since athletes’ NIL earnings would not be taxed by their state of residency nor by …
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