Alabama Lawmakers Want NIL Earnings Exempt From Income Taxes To Create Recruiting Edge
by Larry Leo
February 12, 20257 Comments
College football, man. What a business...
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quote:(Barstool Sports)
A new bill could aid the recruiting and roster management efforts of Alabama's Kalen DeBoer and other college coaches in the state.
State representative Joe Lovvorn of Auburn is seeking to create what he says is a "competitive edge" for college athletes in Alabama by making their name, image and likeness earnings exempt from Alabama's individual income tax.
Lovvorn introduced House Bill 240, the Competitive Edge NIL Tax Cut Act, on Tuesday.
Representatives Danny Garrett (R-Trussville) and Chris Blackshear (R-Phenix City) helped write the bill.
The bill, if it is signed into law, would go into effect on October 1. It would apply retroactively to Jan. 1, 2025, and remain in effect through the end of 2027.
Filed Under: Alabama Sports
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