NIL Exemption for State Tax?

[king_kong_]

In GA it may be

 

[huskerfan66]

In GA it may be

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That would be total bs. How could that NOT be income? People busting their humps to donate 5 dollars here and 10 dollars there to help pay them sure don't get exemption

 

[HuskerJag]

That would be total bs. How could that NOT be income? People busting their humps to donate 5 dollars here and 10 dollars there to help pay them sure don't get exemption

But they could! Come on Unicameral, re-write the Nebraska Revenue Code to allow NIL donations to be a tax deduction, or better yet a tax credit for the individual making the donation. That will grow that NIL pool

 

[Cedric]

In GA it may be

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They would still be liable for federal income tax

 

[Dean Pope]

But they could! Come on Unicameral, re-write the Nebraska Revenue Code to allow NIL donations to be a tax deduction, or better yet a tax credit for the individual making the donation. That will grow that NIL pool

OMG. If churches, Wounded Warriors, etc. have to compete with Husker football for tax deductible donations, then our state would sink to a new low. And letting it be a tax credit would probably put us in competition with Mississippi and New Mexico for the most hapless state government in the union. Probably have to go to volunteer state patrol. Maybe go back to the Wild West posse system of yesteryear.

 

[Huskers123456]

Looks like Georgia cfb players figured out how to use lobbyists!

 

[TFrazier]

In GA it may be

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[V-Doub]

But they could! Come on Unicameral, re-write the Nebraska Revenue Code to allow NIL donations to be a tax deduction, or better yet a tax credit for the individual making the donation. That will grow that NIL pool

Ok, I’m fine with that. I thought we were saying the recipient (players) shouldn’t be taxed as income. That’d just be pointless and ridiculous. You got people making 50k(or less) paying taxes but we’re gonna exempt 18 year olds making 6-7 figures? Not sure how that would go over with the general public…

 

[huskerfan66]

Ok, I’m fine with that. I thought we were saying the recipient (players) shouldn’t be taxed as income. That’d just be pointless and ridiculous. You got people making 50k(or less) paying taxes but we’re gonna exempt 18 year olds making 6-7 figures? Not sure how that would go over with the general public…

That's the point I was trying to make in my post

 

[king_kong_]

Ok, I’m fine with that. I thought we were saying the recipient (players) shouldn’t be taxed as income. That’d just be pointless and ridiculous. You got people making 50k(or less) paying taxes but we’re gonna exempt 18 year olds making 6-7 figures? Not sure how that would go over with the general public…

If the public cares about winning again it’d go over like gangbusters

 

[1Ramsker3]

This is f'ing insane. Just to get a better football team for the state school, you are willing to not tax the players income. Priorities?

I would hope that the public would vote this down if it were a ballot measure.