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LA HB166
Bill
Status
3/31/2025
Primary Sponsor
Dixon McMakin
Click for details
AI Summary
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Creates a Louisiana individual income tax deduction for college athletes who earn compensation from name, image, and likeness (NIL) deals while attending postsecondary institutions in the state
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Deduction amount equals 100% of the NIL compensation earned, with no cap specified
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Applies to athletes at Louisiana public colleges or private institutions that receive state financial assistance including scholarships and grants
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Excludes NIL compensation used to endorse tobacco, alcohol, illegal substances, banned athletic substances, or gambling/sports wagering, and excludes earnings after the athlete leaves their athletic program
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Effective January 1, 2026, applying to NIL compensation earned on or after that date
Legislative Description
Authorizes an individual income tax deduction for compensation earned by certain intercollegiate athletes for use of their name, image, or likeness (OR DECREASE GF RV See Note)
TAX/INCOME TAX
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025