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
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 05, 2025 | House | Floor | Action | Introduction and first reading | |
February 05, 2025 | Senate | Floor | Action | Introduction and first reading | |
February 05, 2025 | House | Floor | Action | Referred to | Taxes |
February 05, 2025 | Senate | Floor | Action | Referred to | Taxes |