SB 1241 - Coleman, Mary Elizabeth
Authorizes an income tax deduction for tipped income
Bill Details
Sponsor
LR Number
4964S.01I
Title
SB 1241
House Handler
N/A
Journal Page
Effective Date
August 28, 2026
Committee
Current Status
Second Read and Referred S Economic and Workforce Development Committee
Quick Links
Amendments
No amendments available
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