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GA SB71

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Brandon Beach

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Exempts student athletes at Georgia postsecondary educational institutions from state income tax on compensation earned from name, image, and likeness (NIL) deals
  • Applies only to NIL income received pursuant to Georgia Code Section 20-3-681, which governs college athlete compensation rights
  • Exemption applies only to income already included in federal adjusted gross income and not otherwise exempt under state law
  • Effective for taxable years beginning on or after January 1, 2025

Legislative Description

Income Taxes; taxable net income compensation of athletes for the use of the athlete's name, image, or likeness; exempt

Last Action

Senate Read and Referred

2/4/2025

Committee Referrals

Finance2/4/2025

Full Bill Text

No bill text available