NIL money comes with a price. More specifically, a tax bill.

The Mississippi legislature is trying to reduce that burden for college athletes who play there.

Via Bea Anhuci of the Mississippi Clarion Ledger, the Mississippi House of Representatives has passed a bill that would exempt NIL earnings from state income tax.

It’s a recruiting tool for Ole Miss and Mississippi State, one that would put the Mississippi schools on equal footing with other states that host SEC universities. Florida, Tennessee, and Texas have no state income tax, and Arkansas carved out NIL earnings from the state’s income tax burden in 2025.

Mississippi currently charges a four-percent tax on anyone making more than $10,000 per year.

NIL earnings remain subject to federal income tax.

The bill will have to also pass the Mississippi Senate, and the governor would then be required to sign it into law.

• A Mississippi wood products manufacturer is investing nearly $5 million in an expansion.
• Carpenter Pole and Piling’s project is expected to create 10 new jobs in Wiggins.
• The expansion includes a new treatment plant and an additional 20 acres for storage.
• Construction is anticipated to be completed by September 2026.

A wood products manufacturer is set to create new jobs as part of a major expansion.

Carpenter Pole and Piling is investing nearly $5 million into its Wiggins, Mississippi, operation.

The expansion will add 10 new positions and support long-term growth in the region.

“Carpenter Pole and Piling is a true Mississippi success story, and we’re proud to see the company continue investing right here at home,” Mississippi Gov. Tate Reeves said.

“This expansion in Stone County is creating new opportunities for hardworking Mississippians while strengthening a company that has long contributed to our state’s economy,” Reeves said. “When Mississippi businesses grow, our communities grow with them, and we remain committed to fostering a business environment where companies can thrive.”

Carpenter Pole and Piling produces utility poles and pilings for marine and foundation use.

The project includes construction of a new treatment plant, investment in a 2,600-cubic-foot autoclave and an alternative treatment option to improve production capacity.

The company is also clearing and preparing an additional 20 acres for a new pole storage yard.

Stone County is also contributing to the project.

The company expects to complete construction by September 2026.

The new roles are expected to be filled by January 2027.

Carpenter Pole and Piling specializes in the production of utility poles. It also manufactures foundation and marine pilings.

The new autoclave will increase production and add an alternative treatment option.

This story was created by business and development writer Ross Reily, with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more.