Mississippi eliminates tax on NIL payments

Mississippi has voted to exempt athlete NIL earnings from state income tax, a move intended to enhance college recruiting, particularly for SEC schools. Despite concerns from some lawmakers about prioritizing athletes over the state’s pressing issues, the measure passed the state house and is expected to advance in the senate. This legislation could significantly benefit athletes like Ole Miss quarterback Trinidad Chambliss, who is projected to earn $5 million in NIL payments in 2026 tax-free.

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