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NJ S1192

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Kristin Corrado

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Excludes name, image, and likeness (NIL) compensation from New Jersey gross income tax for college athletes at four-year institutions in the state
  • Limits the tax exclusion to a maximum of $100,000 per taxable year
  • Applies only to NIL compensation earned under the "New Jersey Fair Play Act" (P.L.2020, c.83)
  • Takes effect immediately upon enactment and applies to taxable years beginning January 1 of the following year
  • Sponsored by Senators Kristin M. Corrado (District 40) and Joseph A. Lagana (District 38), pre-filed for the 2026 legislative session

Legislative Description

Excludes from gross income tax certain compensation earned by college athletes for use of name, image, or likeness.

Higher Education

Last Action

Introduced in the Senate, Referred to Senate Higher Education Committee

1/13/2026

Committee Referrals

Higher Eduction1/13/2026

Full Bill Text

No bill text available