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NIL Scholarship Tax Act

USA117th CongressS-2897| Senate 
| Updated: 9/29/2021
Richard Burr

Richard Burr

Republican Senator

North Carolina

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
NIL Scholarship Tax Act This bill denies the tax exclusion for qualified scholarships income to recipients of athletic scholarships at institutions of higher education who receive income in excess of $20,000 from their name, image or likeness in a taxable year.
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Timeline
Sep 29, 2021
Introduced in Senate
Sep 29, 2021
Read twice and referred to the Committee on Finance.
  • September 29, 2021
    Introduced in Senate


  • September 29, 2021
    Read twice and referred to the Committee on Finance.

Taxation

AthletesHigher educationIncome tax exclusionSchool athleticsStudent aid and college costs

NIL Scholarship Tax Act

USA117th CongressS-2897| Senate 
| Updated: 9/29/2021
NIL Scholarship Tax Act This bill denies the tax exclusion for qualified scholarships income to recipients of athletic scholarships at institutions of higher education who receive income in excess of $20,000 from their name, image or likeness in a taxable year.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 29, 2021
Introduced in Senate
Sep 29, 2021
Read twice and referred to the Committee on Finance.
  • September 29, 2021
    Introduced in Senate


  • September 29, 2021
    Read twice and referred to the Committee on Finance.
Richard Burr

Richard Burr

Republican Senator

North Carolina

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AthletesHigher educationIncome tax exclusionSchool athleticsStudent aid and college costs