AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR TIPS OR GRATUITIES AND OVERTIME PAY.
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
Summary
The bill amends the state tax code to let taxpayers deduct from their Connecticut taxable income the amount of tips, gratuities and overtime wages that are already deductible on their federal return. It applies to any individual who receives such income and claims the federal deduction. The change is intended to align state tax treatment with federal rules and lower the tax burden on workers earning extra pay.
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