Signed by Governor Mike Parson

Vote Smart's Synopsis:

Vote to concur with senate amendments and pass a bill that amends rules for student-athlete name, image, and likeness (NIL) sponsorship deals.

Highlights:

• Defines terms related to employment and employment related skills (Sec. 1). 

• Prohibits state agencies from denying employment due to lack of  a postsecondary degree or education (Sec. 2). 

• Establishes that each year following January 1st 2024 a taxpayer may claim a tax credit equal to $1500 for each intern or apprentice hired at above or meeting the minimum wage of the state of Missouri (Sec. 2). 

• Requires hired apprentices to comply with all federal requirements for apprenticeships including 2000 hours of on the job training and 144 hours of technical training to qualify the taxpayer for the credit (Sec. 2). 

• Establishes that the department of economic development is responsible for setting the rules concerning internships and apprenticeship programs that are applicable for the tax credit program (Sec. 2). 

• Appropriates funding for adult high schools (Sec. 2). 

• Defines institutional marketing associate (Sec. 3). 

• Specifies that no postsecondary education will disqualify a student athlete from receiving compensation based on their name and likeness (Sec. 3).

• Specifies that student athletes are not to be considered as employees of the postsecondary education institution (Sec. 3). 

• Specifies that the collection of student athletes records by secondary are governed by FERPA regulations (Sec. 3). 

• Specifies that compensation to a student athlete will not be governed by athletic performance standards (Sec. 3). 

• Establishes student athlete workshops for student athletes to work on life skills, entrepreneurship, and academic skills amongst other things (Sec. 3). 

• Specifies that student athletes have the right to professional management (Sec. 3). 

• Specifies that high school athletes have the right to engage in conversations concerning compensations (Sec. 3). 

• Establishes the Medical Residency Grant Program Fund (Sec. 3). 

• Requires the state to set criteria by which entities can be awarded grants for residency positions (Sec. 3). 

• Defines terms related to medical providers (Sec. 4). 

• Establishes the Upskill credential training fund (Sec. 4). 

• Repeals previous regulations regarding post-secondary education employment (Sec 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that amends rules for student-athlete name, image, and likeness (NIL) sponsorship deals.

Highlights:

• Defines terms related to employment and employment related skills (Sec. 1). 

• Prohibits state agencies from denying employment due to lack of  a postsecondary degree or education (Sec. 2). 

• Establishes that each year following January 1st 2024 a taxpayer may claim a tax credit equal to $1500 for each intern or apprentice hired at above or meeting the minimum wage of the state of Missouri (Sec. 2). 

• Requires hired apprentices to comply with all federal requirements for apprenticeships including 2000 hours of on the job training and 144 hours of technical training to qualify the taxpayer for the credit (Sec. 2). 

• Establishes that the department of economic development is responsible for setting the rules concerning internships and apprenticeship programs that are applicable for the tax credit program (Sec. 2). 

• Appropriates funding for adult high schools (Sec. 2). 

• Defines institutional marketing associate (Sec. 3). 

• Specifies that no postsecondary education will disqualify a student athlete from receiving compensation based on their name and likeness (Sec. 3).

• Specifies that student athletes are not to be considered as employees of the postsecondary education institution (Sec. 3). 

• Specifies that the collection of student athletes records by secondary are governed by FERPA regulations (Sec. 3). 

• Specifies that compensation to a student athlete will not be governed by athletic performance standards (Sec. 3). 

• Establishes student athlete workshops for student athletes to work on life skills, entrepreneurship, and academic skills amongst other things (Sec. 3). 

• Specifies that student athletes have the right to professional management (Sec. 3). 

• Specifies that high school athletes have the right to engage in conversations concerning compensations (Sec. 3). 

• Establishes the Medical Residency Grant Program Fund (Sec. 3). 

• Requires the state to set criteria by which entities can be awarded grants for residency positions (Sec. 3). 

• Defines terms related to medical providers (Sec. 4). 

• Establishes the Upskill credential training fund (Sec. 4). 

• Repeals previous regulations regarding post-secondary education employment (Sec 5).

Full Bill Text