TAX/INCOME TAX: Authorizes an individual income tax deduction for compensation earned by certain intercollegiate athletes for use of their name, image, or likeness (OR DECREASE GF RV See Note)

HB 166 creates a Louisiana individual income tax deduction equal to the actual compensation earned by college athletes for using their name, image, or likeness (NIL) during their athletic participation. It directly affects Louisiana resident athletes enrolled at qualifying postsecondary institutions (public or private schools receiving state financial aid) who earn NIL compensation. The deduction reduces taxable income by the full amount of such compensation, but excludes earnings prohibited by existing law or earned after athletic participation ends. The bill takes effect January 1, 2026, and applies only to compensation earned while actively participating in an intercollegiate athletic program.