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Wisconsin GOP proposes bill to exempt up to $25K in tips from state taxes, could cost $33.7M annually.
Wisconsin Republicans are proposing a bill to exempt up to $25,000 in tips from state income tax for individuals earning less than $150,000 annually, similar to federal legislation.
Supporters say this would help service workers keep more of their earnings, but the state could lose $33.7 million annually in tax revenue.
The bill must first pass the Assembly Committee on Ways and Means.
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Wisconsin GOP propone proyecto de ley para eximir hasta $25K en propinas de impuestos estatales, podría costar $33.7M anualmente.