NIL
Arkansas law exempts NIL deals from state taxes, FOIA requests
LITTLE ROCK, Ark — On Thursday, April 17, Arkansas Governor Sarah Huckabee Sanders signed over 100 bills into law, one of which passed exemptions for name, image, and likeness (NIL) deals for athletes in the state. The act was signed just before a move by the University of Arkansas’ NIL collective, Arkansas Edge. The group […]
LITTLE ROCK, Ark — On Thursday, April 17, Arkansas Governor Sarah Huckabee Sanders signed over 100 bills into law, one of which passed exemptions for name, image, and likeness (NIL) deals for athletes in the state.
The act was signed just before a move by the University of Arkansas’ NIL collective, Arkansas Edge. The group is reportedly seeking the return of around $200,000 from a quarterback who recently entered the transfer portal just months after arriving on campus.
Arkansas was the first state to adopt a law that exempts NIL payments from state taxes, and the bill applies retroactively to all deals made on or after Jan. 1, 2025.