South Carolina H4395 allows a tax deduction for student athletes' income from using their name, image, or likeness.
South Carolina H4395 amends the state's income tax code to include a deduction for income received by student athletes for the use of their name, image, or likeness. This deduction applies to income included in the taxpayer's federal adjusted gross income and not exempt from state tax. The amendment takes effect upon the governor's approval and applies to tax years beginning after 2024.
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