Tip Credit Protection Act of 1999

[AI summary unavailable — showing source text] Tip Credit Protection Act of 1999 - Amends the Fair Labor Standards Act to provide that the provisions of such Act relating to accounting of tips in determining tipped employees' wages shall preempt any State or local law or ordinance precluding a tip credit or requiring a tip credit less than provided for by such Act. Amends the Internal Revenue Code to treat as gift transfers and exclude from gross income and social security and unemployment taxes up to $10,000 annually in tips from qualified services (cosmetology, hospitality, recreation, taxi, newspaper delivery, and shoe shine services).…