HF1368 (Legislative Session 94 (2025-2026))

Tip income exempted from the individual income tax and tax withholding requirements.

Related bill: SF1525

AI Generated Summary

This bill proposes to exempt tip income from individual income tax and tax withholding requirements in Minnesota. It amends Minnesota Statutes to allow individuals to subtract reported tip income from their taxable income. The bill defines "tips" as amounts reported to employers under federal tax law or reported to the IRS as wages subject to employer tax obligations.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 23, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
February 23, 2025HouseFloorActionIntroduction and first reading, referred toTaxes