SC H4395

Creates a state income tax deduction for student athletes at institutions of higher learning who receive compensation for the use of their name, image, or likeness (NIL)

The deduction applies to NIL income that is included in the taxpayer's federal adjusted gross income and not otherwise exempt from South Carolina income tax

Amends Section 12-6-1140 of the South Carolina Code relating to income tax deductions

Takes effect upon Governor's approval and applies to income tax years beginning after 2024