Legislation exempting tips earned by hospitality workers from income taxes was introduced this week.
Key Points:
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- Senate Bill 91 was introduced by Senator John Damoose (R-Harbor Springs).
- The proposal largely mirrors federal proposals and would provide a 100% exemption for income earned as a tip.
Next Steps:
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- The bill was referred to the Finance, Insurance, and Consumer Protection Committee for consideration.
“Tourism and hospitality are both incredibly important to the Northern Michigan and Upper Peninsula economies,” said Damoose, R-Harbor Springs. “A lot of people are concerned with rising costs and how they are going to make ends meet. My goal in introducing this legislation is to provide some level of alleviation of these everyday concerns for these workers.”
