SB 1241 – Authorizes an income tax deduction for tipped income

• Sponsor: Coleman
• LR Number: 4964S.01I
• Committee: Economic and Workforce Development
• Last Action: 1/27/2026 - Second Read and Referred S Economic and Workforce Development Committee
• Journal Page: S240
• Effective Date: August 28, 2026

Current Bill Summary

SB 1241 - For all tax years beginning on or after January 1, 2026, this act authorizes an income tax deduction for the first $25,000 in tipped income, as defined in the act, earned by a taxpayer.

JOSH NORBERG

Amendments

No Amendments Found.