3.0.0 2897 2023-01-02T00:29:20Z 2023-01-02T00:29:20Z Senate S 2021-09-29 117 ssfi00 Finance Committee Senate Standing Referred to 2021-09-29T20:49:46Z 2021-09-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-09-29 Introduced in Senate IntroReferral 10000 9 Library of Congress B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze N Taxation Athletes Higher education Income tax exclusion School athletics Student aid and college costs Taxation 00 2021-09-29 Introduced in Senate 2021-10-13T19:57:30Z 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.

]]> NIL Scholarship Tax Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide that the exclusion from gross income for qualified scholarships does not apply to athletic scholarships if the recipient receives certain income derived from the recipient's name, image, or likeness. Introduced in Senate IS Display Title NIL Scholarship Tax Act Short Title(s) as Introduced NIL Scholarship Tax Act Introduced in Senate IS Introduced in Senate 2021-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2897is/xml/BILLS-117s2897is.xml 2021-09-29 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.