Income tax; exclude a portion of overtime compensation and cash tips

Summary

The bill creates a temporary exemption from state income tax for up to $2,500 of overtime earnings for full‑time hourly workers and for up to $2,500 of cash tips received by tipped employees. Employers must report the total amounts and the number of workers receiving these payments each month or quarter. The exemption ends on December 31, 2028, and any conflicting statutes are repealed.

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