Exempts tip income from Minnesota individual income tax and withholding requirements.

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

Exempts tip income from Minnesota individual income tax and withholding requirements.

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