SB763
Income tax deduction; tips.
Summary
As Introduced. Income tax deduction; tips.
Provides, for taxable years beginning on and after January 1, 2026, an income tax deduction for the amount of cash tips received during the taxable year that are included on statements furnished to the employer for federal tax purposes.-
Bill History
- 12/13/2024 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25102293D
- 12/13/2024 - Senate: Referred to Committee on Finance and Appropriations
- 01/10/2025 - Senate: Impact statement from TAX (SB763)
- 02/05/2025 - Senate: Left in Finance and Appropriations
