Reduces federal adjusted gross income by the amount of overtime compensation earned by an individual in certain circumstances; defines overtime.
This bill amends the tax law to reduce federal adjusted gross income by the amount of overtime compensation earned by an individual in certain circumstances. It defines "overtime compensation" as wages earned for time worked beyond an individual's normal scheduled working hours. The bill applies to taxable years beginning on and after January 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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