NC S563

UNC constituent institutions may assist student-athletes in securing NIL agreements and may directly compensate athletes up to $20.5 million per year from athletics revenues including ticket sales, TV contracts, merchandise, and donations

Businesses paying student-athletes under NIL agreements receive a nonrefundable tax credit equal to 50% of compensation paid, capped at $500,000 per business per year; student-athletes may deduct NIL compensation from state taxable income starting January 1, 2026

High school student-athletes may enter NIL agreements, with parental consent required for those under 18; students who commit to NC colleges become eligible for state-endorsed NIL grants and priority partnerships

Department of Commerce will establish and administer the NC NIL Clearinghouse with $10 million in funding to educate athletes, review agreements over $5,000, and provide grants up to $5,000 to student-athletes committing to in-state colleges

UNC Board of Governors must establish the NC NIL Advancement Fund to provide matching funds with NIL collectives, prioritizing in-state students and partnerships with local businesses and tourism boards