SF589

SF589 (Legislative Session 94 (2025-2026))

Overtime pay income tax subtraction provision

Related bill: HF415

AI Generated Summary

Senate Bill SF No. 589 aims to change the state taxation code by allowing individuals to subtract the amount of money they earn from overtime work from their taxable income. Essentially, this means if the bill is passed, when people work more than the standard workweek hours and earn overtime pay, that extra money won’t be taxed by the state. This would apply to wages, salaries, tips, and other forms of compensation earned as overtime under the applicable state or federal laws.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
January 26, 2025	Senate	Floor	Action	Introduction and first reading
January 26, 2025	Senate	Floor	Action	Referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [
        "A new subdivision providing a definition and subtraction for overtime pay."
      ],
      "removed": [],
      "summary": "The bill amends Minnesota Statutes 2024 section 2900132 to include a subtraction for overtime pay.",
      "modified": []
    },
    "citation": "Minnesota Statutes 2024 section 2900132"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The citation references the federal regulation on maximum workweek hours, defining overtime pay.",
      "modified": []
    },
    "citation": "United States Code title 29 section 207"
  }
]