Bill > HB4099

This bill amends Mississippi's income tax law to exclude "NIL compensation" from an individual's "gross income," meaning income that is subject to state income tax. NIL compensation refers to any money, goods, or services provided to an intercollegiate athlete in Mississippi in exchange for the use of their name, image, or likeness, which can include payments from their university or third-party groups. This change is intended to provide tax relief for student-athletes who earn income through these arrangements and will take effect on January 1, 2026.