OT: Georgia Bill Exempting NIL From State Income Tax

Football
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The Georgia Legislature introduced Senate Bill 71, which exempts NIL payments from Georgia state income tax.

SEC states that have a state income tax are:
Alabama
Arkansas
Kentucky
Louisiana
Mississippi
Missouri
Oklahoma
South Carolina

If passed, recruiting edge to Georgia. Florida and Texas do not have a state income tax.

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Nicely enough, it’s an NIL recruiting advantage for us as well!

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That exempts “a student athlete at a postsecondary educational institution” I wonder if the Braves, Falcons and Hawks have started working on redrafting their contracts as mostly NIL with the players taking online classes because that’s pretty vague.

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It appears Alabama and Illinois are next in line to introduce legislation to exempt NIL payments from State Income Tax.

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So the next time I get a job offer in Georgia, can I get the company to pay my salary as NIL money and evade the state income tax?

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Sounds like they should exempt state income tax for everyone…

I’d be pissed…