Authorizes a personal income tax deduction for student athlete income from licensing the taxpayer's name, image, or likeness not in excess of forty thousand dollars.
STATE OF NEW YORK
________________________________________________________________________
8759
2019-2020 Regular Sessions
IN ASSEMBLY
November 25, 2019
___________
Introduced by M. of A. SAYEGH -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to authorizing a personal
income tax deduction for certain student athlete income
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (c) of section 612 of the tax law is amended by
2 adding a new paragraph 43 to read as follows:
3 (43) Income not in excess of forty thousand dollars earned from
4 licensing the taxpayer's name, image, or likeness where the taxpayer was
5 enrolled at a college and participated in organized sports for the
6 college at some point during the taxable year.
7 § 2. This act shall take effect immediately and shall apply to taxable
8 years beginning on or after January 1, 2020.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14114-01-9
