LCO No. 3084 1 of 1
General Assembly Proposed Bill No. 5972
January Session, 2025
LCO No. 3084
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. FARRAR K., 20th Dist.
AN ACT CONCERNING TAXPAYERS WITH DECLARED TIP INCOME
OVER A CERTAIN THRESHOLD.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to (1) require taxpayers who 1
file a return for any taxable year commencing on or after January 1, 2025, 2
with declared tip income over one hundred thousand dollars to register 3
with the Department of Revenue Services, and (2) require such 4
taxpayers, if the federal government excludes tips as taxable wages or 5
implements a reduced income tax rate on tips, to pay to the state the 6
amount of tax forgiven by the federal government. 7
Statement of Purpose:
To require taxpayers who file a return with declared tip income over
one hundred thousand dollars to register with the Department of
Revenue Services and require such taxpayers, if the federal government
excludes tips as taxable wages or implements a reduced income tax rate
on tips, to pay to the state the amount of tax forgiven by the federal
government.