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Louisiana is the latest state that involves an SEC team that is putting a bill in motion that would exempt NIL money from its state income tax, The Advocate of Baton Rouge (La.) learned on Tuesday.
The bill’s sponsor, Rep. Dixon McMakin of Baton Rouge, said: “We’re not gonna let them outcompete us.”
LSU and other schools in Louisiana contacted McMakin about the idea.
But LSU declined to comment on the idea on Tuesday, according to The Advocate.
McMakin said he is preparing to file the bill for this year’s legislative session. If the bill passed, it would exempt the compensation that Louisiana student-athletes earn from NIL deals from state income tax, which would obviously be a huge victory for, say, the football players at LSU.
McMakin said the proposed bill is a matter of attracting top athletes to the state of Louisiana and would guard against other schools luring students away from the state.
“Other states — Illinois, Alabama and Georgia — have bills right now to make it where NIL compensation is exempt from state income tax,” McMakin said. “We will be competing with those other states, and we’re not gonna let them outcompete us.”
McMakin also said the proposed NIL income tax exemption would be for both collegiate and high school student-athletes.
Cory Nightingale, a former sportswriter and sports editor at the Miami Herald and Palm Beach Post, is a South Florida-based freelance writer who covers Alabama for SaturdayDownSouth.com.
