Income tax; exclude NIL compensation from gross income.

HB 4014 amends Mississippi's income tax code to exclude name, image, and likeness (NIL) compensation from taxable "gross income." This directly affects Mississippi college athletes who receive NIL payments for endorsements or promotions. The bill achieves this by adding NIL compensation to the list of exempt items under Section 27-7-15(4) of the tax code. The change means these payments will no longer be subject to state income tax in Mississippi, providing a concrete tax benefit for affected athletes.