A 4851
Provides gross income tax exclusion for all compensation earned by college athletes for use of name, image, or likeness.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would allow college athletes in New Jersey to receive income tax exclusion for compensation earned from using their name, image, or likeness (NIL). It specifically applies to athletes attending four-year colleges and universities within the state. The bill aims to provide a tax benefit for athletes who are compensated for endorsements, appearances, or other uses of their personal brand. It would take effect immediately and apply to income earned in the year it is enacted.
Sponsors
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Primary sponsor
Jerry Walker
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