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Hochul to put forward ‘no tax on tips’ proposal in New York
SOURCE:The Hill|BY:Caroline Vakil
New York Gov. Kathy Hochul (D) will put forward a “no tax on tips” proposal in her New York Executive Budget proposal for fiscal 2027, her office announced Thursday. Hochul, who’s gearing up for a reelection bid this November, will be proposing that up to $25,000 on tipped income would be exempt from state income taxes during the 2026 tax…
New York Gov. Kathy Hochul (D) will be putting forward a “no tax on tips” proposal in her New York Executive Budget proposal for fiscal 2027, her office announced on Thursday. Hochul, who’s gearing up for a reelection bid this November, will be proposing that up to $25,000 on tipped income would be exempt from state income taxes during the…