US SB4621 | 2023-2024 | 118th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 8-2)
Status: Introduced on June 20 2024 - 25% progression
Action: 2024-06-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 20 2024 - 25% progression
Action: 2024-06-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to eliminate the application of the income tax on cash tips through a deduction allowed to all individual taxpayers.
Title
No Tax on Tips Act
Sponsors
| Sen. Ted Cruz [R-TX] | Sen. Steve Daines [R-MT] | Sen. Kevin Cramer [R-ND] | Sen. Rick Scott [R-FL] |
| Sen. Pete Ricketts [R-NE] | Sen. Cindy Hyde-Smith [R-MS] | Sen. Jacky Rosen [D-NV] | Sen. Catherine Cortez Masto [D-NV] |
| Sen. Josh Hawley [R-MO] | Sen. Mike Braun [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-06-20 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB8941 (Same As) 2024-07-08 - Referred to the House Committee on Ways and Means.
HB9624 (Related) 2024-09-17 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB9624 (Related) 2024-09-17 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/4621/all-info |
| Text | https://www.congress.gov/118/bills/s4621/BILLS-118s4621is.pdf |
