A bill to amend the Internal Revenue Code of 1954 with respect to the tip-reporting requirements applicable to certain large food or beverage establishments.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for the reporting of employee tips by large food or beverage establishments in lieu of present allocation requirements. Provides for additional reporting requirements if reported tips do not equal or exceed eight percent of gross receipts. Allows for a reduction of such percentage under certain circumstances.…