The Mississippi Senate Finance Committee has killed a bill that would have excluded athletes' earnings from being taxed.
The move comes after Arkansas, Florida, Texas and Tennessee — all SEC schools — already have laws that exclude athlete income from being subject to income tax.
“While I understand the House’s intention in making our colleges and universities more attractive to athletes during this new NIL era, it is my opinion that we should not provide additional special treatment for these athletes while the rest of Mississippians continue to pay income taxes,” Mississippi state Sen. Jeremy England recently said, according to On3.
The bill, which passed the House, was touted as a recruiting tool for Mississippi State and Ole Miss.
“NIL is taking the country and coming by storm,” Rep. Trey Lamar said, via the Clarion Ledger. “Other states are doing it, and I believe it’s time that Mississippi starts doing this as well.”
Ole Miss quarterback Trinidad Chambliss recently inked a deal with the Rebels which is valued at around $4 million.
