HB1562
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
- 12/15/2024 - House: Prefiled and ordered printed; Offered 01-08-2025 25100222D
- 12/15/2024 - House: Referred to Committee on Finance
- 01/14/2025 - House: Impact statement from TAX (HB1562)
- 01/24/2025 - House: Assigned Finance sub: Subcommittee #3
- 01/25/2025 - House: Placed on Finance Agenda
- 01/27/2025 - House: Subcommittee recommends incorporating into HB1965-Tata (Voice Vote)
- 02/04/2025 - House: Left in Finance
