SF1006 (Legislative Session 94 (2025-2026))

Tip income exemption from the individual income tax and tax withholding requirements provision

AI Generated Summary

This bill proposes to exempt tip income from individual income taxes and from tax withholding requirements in Minnesota. It aims to amend the Minnesota Statutes by adding specific subdivisions that would define tip income as the amounts individuals report to their employers or the IRS, which are typically subject to taxes. If passed, this law would make the portion of income earned as tips non-taxable for the purposes of state income tax calculations.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 05, 2025HouseFloorActionIntroduction and first reading
February 05, 2025SenateFloorActionIntroduction and first reading
February 05, 2025HouseFloorActionReferred toTaxes
February 05, 2025SenateFloorActionReferred toTaxes