Individual income tax subtractions for overtime pay, tips income, bonuses, and winnings from nonprofit lawful gambling organizations provided; and changes to withholding provisions made.

HF 1115 adds specific income types as tax subtractions for Minnesota individual income tax filers. It allows taxpayers to subtract overtime pay, tips, bonuses, and winnings from nonprofit gambling organizations from their taxable income. The bill directly affects workers who earn these income types, potentially lowering their state tax burden. All provisions take effect for tax years beginning after December 31, 2024.