Mississippi House Passes Bill To Exempt Student-Athletes From Income Taxes
by Larry Leo
March 2, 202611 Comments
Well, that's nice of them. What about the rest of us?...
The Mississippi House passed a bill to exclude NIL earnings from the state's income tax, which will be eliminated for all Mississippians in about a decade. The provision, said Rep. Trey Lamar, R-Senatobia, would make Mississippi an attractive destination for top athletes and give college coaches another recruiting perk.
"NIL is taking the country and coming by storm," he said. "Other states are doing it, and I believe it's time that Mississippi starts doing this as well."[/tweet]
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If tweet fails to load, click here. [tweet]Clarion Ledger — Student athletes inking multimillion dollar name, image and likeness dealsin Mississippi could see their income become tax-exempt as early as next year. The Mississippi House passed a bill to exclude NIL earnings from the state's income tax, which will be eliminated for all Mississippians in about a decade. The provision, said Rep. Trey Lamar, R-Senatobia, would make Mississippi an attractive destination for top athletes and give college coaches another recruiting perk.
"NIL is taking the country and coming by storm," he said. "Other states are doing it, and I believe it's time that Mississippi starts doing this as well."[/tweet]
Filed Under: SEC Football
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