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S 4621 118th Congress Senate Taxation

No Tax on Tips Act

Introduced: June 20, 2024 Introduced by: Cruz, Ted Republican · Texas See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2024
Read twice and referred to the Committee on Finance.
Jun 20, 2024
Introduced in Senate
 Plain-English summary Congressional Research Service

No Tax on Tips Act 

This bill allows a deduction from gross income (above-the-line tax deduction) for cash tips received by a taxpayer. 

What's happening now June 20, 2024

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1