Bill > SB71

This bill amends Georgia's income tax law to exempt student athletes at postsecondary educational institutions from paying state income tax on compensation received for the use of their name, image, or likeness (NIL). Specifically, the bill adds a new provision to the state tax code that allows student athletes to exclude NIL income from their state taxable income, provided that this income is already included in their federal adjusted gross income and is not exempt under any other existing law. The tax exemption will apply to taxable years beginning on or after January 1, 2025, which means student athletes will first be able to take advantage of this tax break in their 2025 tax filings. This legislation reflects the growing trend of allowing college athletes to profit from their personal brand and athletic achievements, following recent changes in NCAA rules and state laws that permit student athletes to monetize their NIL rights. By providing a state tax exemption, Georgia aims to make its state more attractive to student athletes and support their ability to earn compensation while maintaining their collegiate athletic eligibility.

Budget and Finance

https://www.legis.ga.gov/legislation/69766