Minnesota HF164 exempts tip income from individual income tax and withholding requirements.

Minnesota HF164 amends state tax law to exempt tip income from individual income tax and withholding requirements. Tip income is defined as amounts reported to an employer or the IRS under the Internal Revenue Code. The exemption applies to taxable years beginning after December 31, 2024.

Minnesota HF164 exempts tip income from individual income tax and withholding requirements.

Minnesota HF164 amends state tax law to exempt tip income from individual income tax and withholding requirements. Tip income is defined as amounts reported to an employer or the IRS under the Internal Revenue Code. The exemption applies to taxable years beginning after December 31, 2024.