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Should NIL Pay Be Tax-Exempt?
There is precedent to exempt athlete earnings from taxation
Steve Ulrich
February 21, 2025 • Estimated Reading Time: 3 minutes
FEBRUARY 21, 2025 | composed by STEVE ULRICH
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1. Should NIL Pay Be Tax-Exempt?
by Richard Johnson, CBS Sports
“For now, the latest NIL legislative arms race in college sports is centered around taxes.
CBS Sports has obtained a draft version of a bill which is expected to be filed soon in the Illinois house of representatives that means the state joins Alabama and Georgia in exempting NIL money earned by college athletes from state income tax.
"The nice thing about this is it's not existing revenue, which I think makes it a lot easier," state representative Travis Weaver said. "It's hard to cut a tax when it's something that you have been collecting and it's baked into your budget, whereas this, we've never been taxing, NIL [income], not to mention that there hasn't really been any, right? I mean, this is just such a wild, wild west."
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