Tax Free Tips Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8785 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8785 To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 18, 2024 Mr. Massie (for himself, Mr. Gaetz, and Ms. Greene of Georgia) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. (a) Short Title.--This Act may be cited as the ``Tax Free Tips Act of 2024''. (b) Amendment of 1986 Code.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be ma…