CAPITOL NOTEBOOK: Iowa lawmakers advance tax exemptions for tips, overtime

CAPITOL NOTEBOOK: Iowa lawmakers advance tax exemptions for tips, overtime

Lawmakers on the Iowa House Ways and Means Committee unanimously advanced legislation Wednesday that would exempt tips and overtime pay from state income taxes.

Capitol Notebook: Iowa lawmakers advance tax exemptions for tips, overtime

Lawmakers on the Iowa House Ways and Means Committee unanimously advanced legislation Wednesday that would exempt tips and overtime pay from state income taxes.

Iowa House bills would erase state income tax on tips, overtime pay - Radio Iowa

Bills ready for debate in the Iowa House would implement tax breaks on tips and overtime pay at the state level similar to those President Trump has proposed at the federal level. One bill would eliminate the state income tax on up to $25,000 worth of tips for Iowans with an annual income under $155,000. […]

Movimiento Ciudadano proposed that tips be exempted from income tax (ISR); this was what Clemente Castañeda, coordinator of the parliamentary group, said.This proposal by Movimiento Ciudadano revolves around the discussion of the reform of the Federal Labour Law (LFT), which seeks to establish a minimum wage for waiters, as well as protect tips. Senator Clemente Castañeda said in favor of tips without ISR and said that this tax greatly affects a…

Iowa Legislature accelerates work on tax bills

Now finished with most policy bills, the Iowa Legislature has begun work in earnest on the various tax bills it has planned for the session.