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Amendments to biotech grant bill to exempt tips and overtime fail amid fiscal and eligibility disputes
Summary
Lawmakers debated amendments to SB247 (conversion of biotech tax credits to grants) that would have exempted tips and overtime pay from tax; sponsors argued for worker relief while leaders cited fiscal cost and eligibility rules; the amendments failed and the bill passed.
A floor amendment to SB247 would have added exemptions for taxes on tips (and in a subsequent amendment, overtime) tied to a biotechnology incentive program converted from tax credits to grants.
The amendment maker said servers and tipped workers rely on tips and that, amid affordability pressures, they deserved relief. The maker argued the bill as amended to a grant program would send taxpayer funds to…
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