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Senate Finance Committee unanimously backs bill to exempt tip income from state income tax; fiscal note estimates $65–$90 million annually

2236692 · February 5, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate Bill 2, which would exempt tips from Georgia state income tax, passed the Senate Finance Committee unanimously after debate over definitions, fiscal impacts and potential effects on workers who rely on tips; the committee reviewed a fiscal estimate of roughly $65 million to $90 million annually.

The Senate Finance Committee unanimously approved Senate Bill 2 (LC 500974), which would exempt tip income from Georgia state income tax. Sponsor Senator Dolezal presented the measure and referenced a fiscal note estimating the state's revenue effect in a range between $65 million and $90 million per year, depending on methodology and tax rates.

"This is a unique policy position," said Senator Dolezal, arguing the change would align state law with long‑standing questions about federal treatment of tips and…

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