When the NCAA approved NIL compensation in 2021, few anticipated that state tax codes would become a new form of competitive advantage in college sports...

When the NCAA formally allowed college athletes to profit from their Name, Image, and Likeness (“NIL”), it reshaped the landscape of amateur athletics — legally, competitively, and now, fiscally. While many players and fans view NIL as a long-overdue recognition of athletes’ market value, the IRS sees something else: taxable income...