Engrossed
S. 129
January 16, 2025
Mr. Cruz (for himself, Mr. Daines, Ms. Rosen, Mr. Ricketts, Ms. Cortez Masto, Mr. Hawley, Mr. Scott of Florida, and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on qualified tips through a deduction allowed to all individual taxpayers, and for other purposes.
Qualified tips
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “No Tax on Tips Act”.