S 9907 New York Senate · 2023 Regular Session

Establishes a tax deduction for cash tips received

This bill proposes allowing workers to deduct cash tips from their taxable income if those tips are counted as wages. It applies to individuals who receive cash tips that are officially recorded as compensation starting with tax years beginning on or after January 1, 2025. The change would reduce the amount of income subject to tax for those specific tip earnings.
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
Governor
Introduced Sep 11, 2024 Last action Sep 11, 2024
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Sep 11, 2024
Senate · Referred to committee
REFERRED TO RULES
1 primary · 1 co-sponsor

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