HF1365 (Legislative Session 94 (2025-2026))
Individual income tax subtraction provided for overtime pay.
Related bill: SF1332
AI Generated Summary
This Minnesota House bill (H.F. No. 1365) proposes an amendment to the state's tax code to provide a tax subtraction for overtime pay. Specifically, it allows individuals to subtract overtime earnings—including wages, salaries, tips, and other employee compensation—from their taxable income. Overtime pay is defined as compensation earned for hours worked beyond the maximum workweek limits set by state or federal law.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"A new subdivision providing a subtraction for overtime pay."
],
"removed": [],
"summary": "This bill proposes an amendment to Minnesota Statutes section 290.0132 relating to individual income taxation.",
"modified": []
},
"citation": "290.0132"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This federal law provides context to the bill's definition of overtime pay, referring to U.S. regulations on maximum workweek.",
"modified": []
},
"citation": "29 U.S.C. § 207"
}
]