Maryland HB201 modifies income tax to exempt tips and gratuities from taxable income.
Maryland HB201 modifies the state's income tax by exempting tips and gratuities from taxable income for employees in food service facilities, businesses licensed for on-sale alcohol consumption, hotels, and those providing passenger-for-hire or taxicab services. This change aims to adjust the subtraction under the Maryland income tax for compensation received in the form of a tip or gratuity.
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