SF589 (Legislative Session 94 (2025-2026))

Overtime pay income tax subtraction provision

Related bill: HF415

AI Generated Summary

Senate Bill SF No. 589 aims to change the state taxation code by allowing individuals to subtract the amount of money they earn from overtime work from their taxable income. Essentially, this means if the bill is passed, when people work more than the standard workweek hours and earn overtime pay, that extra money won’t be taxed by the state. This would apply to wages, salaries, tips, and other forms of compensation earned as overtime under the applicable state or federal laws.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 26, 2025HouseFloorActionIntroduction and first reading
January 26, 2025SenateFloorActionIntroduction and first reading
January 26, 2025HouseFloorActionReferred toTaxes
January 26, 2025SenateFloorActionReferred toTaxes