Allows a personal income tax deduction for tips up to $25,000 for certain occupations.
The bill amends title 12 of the general statutes to allow a personal income tax deduction for tips or gratuities up to $25,000 for taxpayers employed in occupations listed by the Internal Revenue Service as customarily and ordinarily receiving tips. This deduction applies to the amount of tips or gratuities declared by the taxpayer.
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