Tax breaks for Louisiana college athletes on NIL money punted under budget pressure

Tax breaks for Louisiana college athletes on NIL money punted under budget pressure • Louisiana Illuminator

The new video display scoreboard in Tiger Stadium's north side as seen from the Pete Maravich Assembly Center on Sept. 13, 2024. (Matthew Perschall for Louisiana Illuminator)Louisiana lawmakers have pumped the brakes on exempting college athletes’ name, image and likeness compensation from income taxes as they work to approve a lean state budget.  Two legislators who filed bills to exempt NIL payments from income taxes have said they will not pu…

Tax breaks for Louisiana college athletes on NIL money punted under budget pressure

Louisiana lawmakers have pumped the brakes on exempting college athletes’ name, image and likeness compensation from income taxes as they work to approve a lean state budget. Two legislators who filed bills to exempt NIL payments from income taxes have…

Lawmakers punt on two bills giving college athletes tax breaks on NIL cash

A pair of Louisiana lawmakers say they will not continue to pursue legislation that would exempt college athletes’ name, image and likeness compensation from state income taxes as legislators work to craft a lean state budget, Louisiana Illuminator writes.  “It didn’t seem like there was an appetite for creating a new deduction,” Rep. Rashid Young, D-Homer, says. “It’s partly perception and then partly real dollars.”  Young’s House Bill 168 woul…

Jeremy Alford and David Jacobs: State may look at compensation for athletes

On the same day that news broke about President Donald Trump launching a commission focused on college sports, the Louisiana Legislature took a step toward creating a task force of its own to look

Louisiana Punts Tax Breaks for NIL Athletes

Tax breaks for Louisiana college athletes on NIL money punted under budget pressure by Piper Hutchinson, Louisiana Illuminator May 15, 2025 Louisiana lawmakers have pumped the brakes on exempting college athletes’ name, image and likeness compensation from income taxes as they work to approve a lean state budget. Two legislators who filed bills to exempt