TRENTON, N.J. – As the Legislature considers a bill (A2106) allowing college student-athletes to earn compensation for the use of their name, image, or likeness, Assemblyman Ron Dancer has introduced a bill to stop the state from taking a cut.
Under Dancer’s bill (A2356), the income that college athletes receive from licensing their name, image, or likeness would be excluded from New Jersey’s gross income tax.
“If we allow students to receive compensation for the use of their name, we may be leveling the playing field in some respects, but we are also creating an opportunity for our fiscally irresponsible state to step in take a cut. Rarely has there ever been revenue that the state hasn’t taxed,” said Dancer (R-Ocean). “Given the state’s tax and spend history, we need this legislation to stop the money grab.”
The New Jersey Fair Play Act (A2106) advanced from the Senate Higher Education Committee last week and awaits a hearing in the Assembly.