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Subcommittee carries over bill to exclude tips from state income tax for further refinement
Summary
S.234, which would exclude customer tips from gross income for state income tax purposes, was presented to the Senate Finance sales and income tax subcommittee, drew questions about scope and potential abuse, and was carried over so sponsors and staff can draft a perfecting amendment.
The subcommittee reviewed S.234, a bill that would exclude tips from the calculation of gross income for state individual income tax purposes. Committee staff summarized the bill and sponsors said they plan to refine language before returning to the panel.
Grant, the committee staff member, summarized the bill as excluding from gross income tips that are included on tip statements furnished to employers under federal law and defining tips to include discretionary…
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