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NIL Athletic Scholarship Taxation: New Rules for Student Athletes

This act changes how athletic scholarships are taxed. If a student athlete earns over $20,000 annually from their name, image, or likeness (NIL), their athletic scholarship may become taxable. This impacts the personal finances of student athletes who benefit from new earning opportunities.
Key points
Athletic scholarships may become taxable if a student athlete earns over $20,000 annually from their name, image, or likeness (NIL).
The change applies to scholarships requiring participation in an intercollegiate athletics program.
New rules take effect for tax years beginning after the act's enactment date.
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Additional Information
Print number: 117_S_2897
Sponsor: Sen. Burr, Richard [R-NC]
Process start date: 2021-09-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NIL Scholarship Tax Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2897.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-29.

What are the main provisions?

Key points include:

  • Athletic scholarships may become taxable if a student athlete earns over $20,000 annually from their name, image, or likeness (NIL).
  • The change applies to scholarships requiring participation in an intercollegiate athletics program.
  • New rules take effect for tax years beginning after the act's enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Burr, Richard [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Education