Massachusetts H3251 would exclude tipped wages from taxable income.

Massachusetts H3251 proposes to amend Chapter 62 of the General Laws by inserting a new subsection to exclude the net amount of tipped wages from taxable income. This change would apply to employees who receive tips, as defined in Chapter 149, Section 152A. The bill aims to modify the tax treatment of income earned through tips, potentially affecting the tax liability of employees who receive tips as part of their compensation.

Massachusetts H3251 would exclude tipped wages from taxable income.

Massachusetts H3251 proposes to amend Chapter 62 of the General Laws by inserting a new subsection to exclude the net amount of tipped wages from taxable income. This change would apply to employees who receive tips, as defined in Chapter 149, Section 152A. The bill aims to modify the tax treatment of income earned through tips, potentially affecting the tax liability of employees who receive tips as part of their compensation.