Excludes from gross income tax certain compensation earned by college athletes for use of name, image, or likeness.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill proposes to exclude compensation earned by college athletes in New Jersey for the use of their name, image, or likeness from state income tax. It aligns with the existing ‘New Jersey Fair Play Act,’ which allows student-athletes to profit from endorsements and other commercial activities. The exclusion would be capped at $100,000 per year for athletes attending four-year colleges within the state. The law would take effect immediately upon passage.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
Joseph Lagana
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