In Recruiting Battle, Illinois Lawmakers Consider Giving College Athletes a Tax Break on NIL Earnings – WTTW (Chicago)

State Rep. Travis Weaver wants to entice more recruits to stay home by exempting up to $100,000 in name, image and likeness earnings from the state income tax. To him, it’s more about helping the mid-major schools in the state such as Bradley, Illinois State, Western Illinois and Loyola Chicago than the Big Ten’s Illinois and Northwestern. “If those schools are just a little bit more successful and you get that extra 10% bump in applications more periodically, they can help Peoria, Ill., Bloomington, Ill., Macomb, Ill.,” said Weaver, a Republican from Peoria.
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Daskoterzar
1 year ago

Why don’t these friggin lawmakers provide a tax break for actual tax payers? How about a property tax break for property owners in Illinois vs. a $100K tax break for teen agers trying out for professional sports. The average tax payer in Illinois so taken for granted by the government and elected officials…it is sickening.

Freddy
1 year ago
Reply to  Daskoterzar

It’s not just property taxes which are ridiculous but insurance premiums for the home. I just got my bill and I needed a defibrillator and shock therapy. Still waiting for my tax bill.
Taxpayers need to unite together somehow. As single voice taxpayers we are not listened to but as a group maybe?

Bill also
1 year ago

Please somebody explain why anyone should get a tax break for auditioning for professional sports.
Professional and college sports are opiate of the masses.

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