The South Carolina Department Of Revenue has issued guidance for taxes on NIL deals for college athletes at in-state schools. The Dept. says those who earn NIL income should receive a 1099 form from each company that they do endorsements or any other work for. Also, all of that NIL income is required to be reported on a tax return.
The SCDOR also issued guidance for South Carolina college students in general. That says, students may need to file a tax return depending on their gross income and whether or not their parents can claim them as a dependent. Some of a student's scholarship or grant income is taxable, as well.
Over 225,000 college students live in South Carolina, at least part of the year.
More info can be found by visiting https://dor.sc.gov/resources-site/media-site/Pages/Tax-Tips-for-South-Carolina-college-students.aspx