No GA state tax for NIL $$

[spellingbee]

I know this applies to all schools in the state, but this bill is being created solely to give the cesspool a leg up. Also, as a tax payer, that really pisses me off!
NIL state tax exemption

 

[JoeCakeEater]

Can I have my employer reclassify my income as NIL?

 

[Flywheel]

Just get rid of the entire income tax if you want to compete with Texas and Florida for anything and everything.

 

[Diseqc]

This is stupid

 

[Tampa Jacket]

I know this applies to all schools in the state, but this bill is being created solely to give the cesspool a leg up. Also, as a tax payer, that really pisses me off!
NIL state tax exemption

Exactly. Disappointing but not surprising. UGA has always put winning in front of fairness or decency.

 

[NightmareOn10thStreet]

Paywall.

Did the bill pass or is it just proposed?

 

[DressCheeseSideSeaboard]

It’s all about priorities.

 

[gtleviathan]

Just waiting to find out what creative carveout was hidden in there to keep Tech from benefiting...

 

[Dirty Jacket]

Just waiting to find out what creative carveout was hidden in there to keep Tech from benefiting...

Players cannot graduate or must pay back taxes

 

[BrentwoodJacket]

Just get rid of the entire income tax if you want to compete with Texas and Florida for anything and everything.

And Tennessee.

 

[smokey_wasp]

Paywall.

Did the bill pass or is it just proposed?

Just proposed thus far. here is a non paywall article.

Georgia lawmaker wants NIL deals exempt from state income taxes to compete with other schools

The lawmaker says he thinks schools like Georgia and Georgia Tech can better compete for top-notch athletes against schools in states that have no income tax.

www.wsbtv.com

Obviously being proposed by a uga grad. Check out this quote from the article.

“We need to make sure we have a competitive playing field for Kirby Smart and Brett Keys to make sure Georgia Tech, Georgia, all our universities have that even playing field,” Beach said.

Well, at least they are thinking of Brett Keys as well as Kirby....

 

[spellingbee]

Paywall.

Did the bill pass or is it just proposed?

Sorry about that . I don't like linking to paywall sites. Not sure why I could read it; I don't think I subscribed.

 

[Dirty Jacket]

Just proposed thus far. here is a non paywall article.

Georgia lawmaker wants NIL deals exempt from state income taxes to compete with other schools

The lawmaker says he thinks schools like Georgia and Georgia Tech can better compete for top-notch athletes against schools in states that have no income tax.

www.wsbtv.com

Obviously being proposed by a uga grad. Check out this quote from the article.


Well, at least they are thinking of Brett Keys as well as Kirby....

I don’t know why but I read that like Adam Sandler in Waterboy

 

[BuzzCzar]

I don’t know why but I read that like Adam Sandler in Waterboy

De nuwes artacle o de peauxst?

 

[wesleyd21]

#rigged

 

[spellingbee]

#rigged

Here's how the idea came about for State senator Brandon Beach introducing the bill...it's all (as usual) about giving ugag any advantage possible:
"I had dinner at Lake Burton with Nick and Terry Saban, my wife and me, and another couple, and he [Saban] loves Kirby Smart like a son," Beach said. "He said, 'If you want to help Kirby until they figure out all this NIL stuff, one thing you could do is eliminate the income tax on NIL athletes.' So I got the idea actually from Nick Saban."

 

[USCJacket]

Good lord. The bill would benefit every school the same way. Regardless of who introduced the bill. From KSU to State to Southern, it’s about the NIL $$$. Period. The more you have, of course means the more you have to pay for high level SA’s. This is just an edge that will add another check box into the column to pick a GEORGIA school. You can go down the rabbit hole all you want, but this bill was proposed to keep up with what other schools are doing with NIL collectives (tOSU, Texas, etc), not to hold down GT.

 

[WracerX]

If you are going to write a bill, at least make it helpful. Give an income tax credit for consecutive years of NIL. That gives an incentive to at least stay in GA if you jump ship.

 

[spellingbee]

Good lord. The bill would benefit every school the same way. Regardless of who introduced the bill. From KSU to State to Southern, it’s about the NIL $$$. Period. The more you have, of course means the more you have to pay for high level SA’s. This is just an edge that will add another check box into the column to pick a GEORGIA school. You can go down the rabbit hole all you want, but this bill was proposed to keep up with what other schools are doing with NIL collectives (tOSU, Texas, etc), not to hold down GT.

I hear you and agree, and in my first post I said it could benefit all Georgia schools. My first point is that the bill was created to give uga an advantage, that it benefits any other program is secondary.
My second point is that I don't appreciate 18-25 years old athletes making six or seven figures getting a tax break.

 

[Nehru Jacket]

I hear you and agree, and in my first post I said it could benefit all Georgia schools. My first point is that the bill was created to give uga an advantage, that it benefits any other program is secondary.
My second point is that I don't appreciate 18-25 years old athletes making six or seven figures getting a tax break.

Millionaires get all kinds of tax breaks. If you don’t like the law it is just a proposal. Get out and contact your state legislator and work against it.