Requires tax withholding on student athlete endorsement pay

Businesses would hold back 30 percent of name, image and likeness payments to college athletes for taxes, starting in 2028, unless an athlete opts out.

• Payers would withhold 30 percent of name, image and likeness payments to student athletes
• Payments in property or services would be withheld at 30 percent of market value
• Athletes could choose to stop the withholding, and that choice would last until they end it
• The tax agency would report to Congress by the end of 2029 on how it worked

In committee

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