3.0.0 558 2025-04-02T13:53:39Z 2025-04-02T13:53:39Z House H HR 2025-01-20 119 <pre>[Congressional Record Volume 171, Number 11 (Monday, January 20, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. BACON:H.R. 558.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1 of the U.S. Constitution.[Page H232]</pre> hswm00 Ways and Means Committee House Standing Referred To 2025-01-20T15:00:10Z 2025-01-20 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2025-01-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-01-20 Introduced in House IntroReferral 1000 9 Library of Congress B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 N Taxation Taxation 2025-02-19T20:32:03Z

00 2025-01-20 Introduced in House 2025-04-02T13:51:28Z <p><strong>Tip Tax Termination Act&nbsp;</strong></p><p>This bill excludes from gross income for federal&nbsp;tax purposes up to $20,000 of eligible tips received during the tax year.&nbsp;The bill also requires the Internal Revenue Service to modify the tables and procedures used to withhold federal income tax from wages to take into account eligible tips excluded from gross income.&nbsp;</p><p>The bill defines&nbsp;<em>eligible tips</em> as amounts received while performing services in a position that generally relies on tips as part of wages, including cosmetology, hospitality, and food service.</p><p>Further, under the bill, the amount of eligible tips excluded from gross income must not be included in determining federal tax deductions or credits, except for purposes of calculating the child tax credit and earned income tax credit.</p><p>Finally, the exclusion from gross income only applies to eligible tips received before 2030. </p>

Display Title 45 2025-02-19T05:23:18Z Short Title(s) as Introduced 101 2025-02-19T05:23:18Z Introduced in House IH Official Title as Introduced 6 2025-02-19T05:18:25Z Introduced in House IH Introduced in House 2025-01-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr558ih/xml/BILLS-119hr558ih.xml 2025-01-20 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.