HF415

HF415 (Legislative Session 94 (2025-2026))

Individual income tax subtraction for provided overtime pay.

Related bill: SF589

AI Generated Summary

This Minnesota legislative bill proposes a change to the state’s income tax law. If passed, it will allow individuals to subtract any earnings they receive from working overtime hours from their taxable income. Overtime pay, as defined in this bill, includes wages, salaries, tips, and other compensation received for hours worked beyond the standard workweek limits set by state or federal law. The aim of this bill is to potentially reduce the tax burden on those who work extra hours.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 12, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
February 23, 2025	House	Floor	Action	Author added
March 04, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "A new subdivision for subtraction of overtime pay."
      ],
      "removed": [],
      "summary": "This bill modifies taxation rules by providing a subtraction for overtime pay under section 290.0132.",
      "modified": []
    },
    "citation": "290.0132"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill references federal labor law for defining maximum workweek hours under United States Code title 29, section 207.",
      "modified": []
    },
    "citation": "United States Code title 29 section 207"
  }
]