The purpose of this legislation is to amend the tax code to require that income tax be withheld at the source for payments made to student athletes for the use of their name, image, and likeness. This is intended to protect student athletes from unexpected tax liabilities that may arise from these payments. Key provisions of the legislation include a requirement that any payments made to student athletes for their name, image, and likeness be treated like wages, meaning that 30 percent of these payments will be withheld for taxes.