HF1365 (Legislative Session 94 (2025-2026))
Individual income tax subtraction provided for overtime pay.
Related bill: SF1332
AI Generated Summary
This bill proposes an amendment to Minnesota's tax code to allow a subtraction for overtime pay from individual taxable income. Specifically, it defines overtime pay as wages, salaries, tips, and other compensation earned for hours worked beyond the maximum workweek established under state or federal law. If enacted, this provision would exempt overtime earnings from state income tax in Minnesota.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
| February 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"Provides a definition for 'overtime pay' within the context of this law."
],
"removed": [
""
],
"summary": "The bill references the federal Fair Labor Standards Act which sets guidelines for overtime pay under U.S. Code Title 29 Section 207.",
"modified": [
"Connects the state overtime pay definition to federal standards."
]
},
"citation": "29 Section 207",
"subdivision": ""
}
]