Relating to Income Taxes; to amend the definition of gross income as relates to overtime income

HB 407 amends the state's income tax law to adjust how overtime earnings are classified as gross income. This change directly affects employees who receive overtime pay and the state's tax collection system. The bill modifies the specific tax code language to ensure overtime income is properly accounted for within the current fiscal framework. By updating the definition, the legislation aims to align tax calculations with existing overtime compensation structures.