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

This bill makes compensation college athletes earn for using their name, image, or likeness tax-free in New Jersey. It applies only to athletes at four-year colleges or universities in New Jersey, excluding up to $100,000 annually from state income tax. The exclusion specifically covers earnings permitted under New Jersey’s existing "Fair Play Act," which allows athletes to profit from their name, image, or likeness. It does not create new compensation but changes the tax treatment of existing NIL (name, image, likeness) earnings.