Excludes from gross income tax certain compensation earned by college athletes for use of name, image, or likeness.

This bill excludes from New Jersey state income tax compensation earned by college athletes for using their name, image, or likeness (NIL), directly affecting student-athletes at four-year public or private colleges in New Jersey. It allows a tax exclusion of up to $100,000 annually for NIL earnings earned under the existing New Jersey Fair Play Act (P.L.2020, c.83), which permits athletes to monetize their NIL. The exclusion applies only to athletes participating in intercollegiate sports while enrolled at a New Jersey-based four-year institution. The law takes effect immediately for taxable years starting after enactment.