summary
Introduced
02/19/2026
02/19/2026
In Committee
03/04/2026
03/04/2026
Crossed Over
02/25/2026
02/25/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-7-15, Mississippi Code Of 1972, To Revise The Definition Of The Term "gross Income" Under The State Income Tax Law To Exclude Nil Compensation; And For Related Purposes.
AI Summary
This bill amends Mississippi's income tax law to exclude "NIL compensation" from an individual's "gross income," which is the total income from all sources before deductions. NIL compensation refers to any money, goods, or services provided to an intercollegiate athlete, while enrolled at a Mississippi postsecondary educational institution, in exchange for the use of their name, image, or likeness, including revenue-sharing or name, image, and likeness payments from the institution or a third party. This change aims to provide tax relief for student-athletes who earn income through these arrangements, and it will take effect on January 1, 2026.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred To Finance (on 03/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4014.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4014PS.htm |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/4000-4099/HB4014IN.htm |
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