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LA HB168
Bill
Status
3/31/2025
Primary Sponsor
Rashid Young
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AI Summary
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Creates an individual income tax deduction of up to $12,500 for compensation earned by intercollegiate athletes for use of their name, image, or likeness (NIL) while attending a Louisiana postsecondary institution
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Creates a corporate income tax deduction of up to $12,500 per athlete for businesses that pay intercollegiate athletes for NIL rights
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Defines eligible institutions as Louisiana public or nonpublic postsecondary schools that receive or disburse 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/gaming activities per R.S. 17:3703, and excludes compensation earned after the athlete's participation in the athletic program ends
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Effective January 1, 2026, applicable to NIL compensation earned or paid on or after that date
Legislative Description
Authorizes income tax deductions for income earned by an intercollegiate athlete and compensation paid by a taxpayer for use of an intercollegiate athlete's 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