Following a congressional hearing on the tax implications of the rapidly developing NIL industry, Bruckner urged lawmakers to make tax literacy a national priority as more student-athletes earn income from their name, image, and likeness.
Key Takeaways:
- Bruckner submitted her Statement for the Record in connection with a June 30 House Ways and Means Committee hearing examining the tax consequences of NIL payments for colleges and student-athletes.
- The hearing included testimony from student-athlete representatives and university athletics stakeholders about tax issues emerging from the rapidly developing NIL industry.
- Bruckner urged the committee to prioritize tax literacy so student-athletes are better equipped to understand the tax obligations associated with NIL income.
Read the full statement.