quote:
A new bill could aid the recruiting and roster management efforts of Alabama's Kalen DeBoer and other college coaches in the state.

State representative Joe Lovvorn of Auburn is seeking to create what he says is a "competitive edge" for college athletes in Alabama by making their name, image and likeness earnings exempt from Alabama's individual income tax.

Lovvorn introduced House Bill 240, the Competitive Edge NIL Tax Cut Act, on Tuesday.

Representatives Danny Garrett (R-Trussville) and Chris Blackshear (R-Phenix City) helped write the bill.

The bill, if it is signed into law, would go into effect on October 1. It would apply retroactively to Jan. 1, 2025, and remain in effect through the end of 2027.

(Barstool Sports)

Filed Under: Alabama Sports

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Originally published on SECRant.com

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Che Boludo•1 month

If they are domiciled in their homestate, establishing state tax reciprocity agreements would be a good move for ALL persons earning money in AL (or any state) while being a domiciled resident of another state. But, picking select groups to tax and not tax is kind of dumb.

cajunmud•1 month

Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive, (it) reeks with injustice, and is fundamentally un-American...it has earned a rebellion, and it's time we rebelled.

~ Ronald Reagan, 1983

cajunmud•1 month

Let me point this out now: Your income tax is 100 percent voluntary tax, and your liquor tax is 100 percent enforced tax. Now, the situation is as different as night and day.

~ Dwight E. Avis, head of the Alcohol and Tobacco Tax Division, Bureau of Internal Revenue, testifying before the Ways and Means Committee during the Eighty-Third Congress in 1953

(We are a country of men...not laws)

Dingeaux•1 month

If I was a working citizen in that state, I would be raising hell

HagaDaga•1 month

Alabama is just getting stupider. Exempt all citizens, dont carve out athletes. Otherwise theres no more important group to understand taxes than athletes getting paid a crap ton to play a game.

GeauxtigersMs36•1 month

If NIL earnings are paid to perform a task, why not get ride of all state income tax you knows the ones who actually work.

3down10•1 month

Taxes are theft.

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