AR HB1917

Student-athletes may receive compensation for commercial use of their name, image, and likeness (NIL), and universities may now directly compensate athletes, enter into license agreements with them, and facilitate NIL opportunities

Institutions may revoke scholarships or benefits if an athlete's NIL agreement conflicts with university contracts, policies, or rules, with legal immunity for such decisions

Income received by student-athletes from universities for NIL compensation or as a percentage of institutional athletic revenue is exempt from Arkansas state income tax, effective for tax years beginning January 1, 2025

Student-athletes are explicitly not employees of universities, conferences, or athletic associations, and cannot use their status to pursue liability claims or monetary damages under state law

Maximum unrestricted educational and general funds allowed for intercollegiate athletics at state-supported institutions increases from 2% to 4% of the previous fiscal year's total unrestricted revenues