re: No State Taxes on NIL

No, NFL players have strict tax liabilities. NFL players get weekly game checks during the season. I.E. the huge annual salary is paid in 16 installments (I guess 17 now but whatever). HOWEVER, half of those checks are for away games - that away week's check is earned in another state (usually) and subject to that state's income taxes. For you and me it's irrelevant but for the guy earning $15 million in one day that's a HUGE tax payout. When the Cowboys come play the Saints 1/16th of the entire Cowboys' payroll is subject to LA state/local taxes and they're strict about getting it. Every team had a direct link to NFL HQ in NY to calculate taxes owed from the master database of player contracts.

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I own a company. From now on I will not pay myself a salary and bonuses. Any money received will be for NIL for my company.

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Essentially what this does is force every LA citizen to contribute to an NIL fund whether they want to or not by subsidizing the players taxes for them.

yeah, we should just let Alabama and Georgia and Texas do it.

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I don't like it.....but if any kid goes to a state that doesn't collect state tax, our NIL funds would simply have to raise that much more just to be on par.

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Interesting concept which works the same fricking way for my state income tax money. Maybe they could look into eliminating it all together to prevent losing working class talent to neighboring states.

You don’t provide value to one of the state’s biggest marketing apparatuses, which is what championship-level sports are at a flagship like LSU

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is an indirect contribution by the State of Louisiana to NIL

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I see you don’t live in Louisiana, so not like it’s coming out of your pocket.

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Those that object don't understand the State income tax system.

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You don’t understand that shortfall will be made up by the working people in this state.

The amount of tax revenue from NIL is negligible for the state. Further, if you don’t make it exempt, then you’ll have to pay more by grossing up to account for taxes- if you want to be competitive. It is what it is.

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You don’t understand that shortfall will be made up by the working people in this state.

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I've been a Tax Attorney (with a Masters of Law in Taxation) for over 40 years. I understand taxes better than you (and probably 99% of the people on this Board).

This examption has no harm on you or the working people of this state. Before 3 years ago, there was no tax revenue being paid to the State on NIL. The maximum amount of the tax revenue to the State of Louisiana on $10M of NIL is $425,000. This income tax revenue was lagniappe to La.

Based on your comment, why wouldn't you want the State of Louisiana to contribute $425,000 to NIL?

These players will probably spend their money in Louisiana and will pay sales tax, gasoline taxes, etc., so that revenue will not be lost

If one player is analyzing their $1M NIL deal between La and Texas (which doesn't have an income tax), that player's net NIL is $42,5000 more in Tx because of the La Income Tax. This helps level the playing field with those States with no income tax or that have already passed a law exempting NIL from State income taxes. It is very simple and a great step for LSU. Every dollar matters in NIL recruiting

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We don't need to introduce even more flaws into the system just because we are trying to stay competitive in a college sports landscape.

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Louisiana does this in just about every competitive field. But you better believe that they will find a new tax, fee, fine or grift that affects Mr. Average John Q. Taxpayer. One of the biggest things I do not miss about the State.