Iowa legislation · 91st General Assembly
Iowa HF268: A BILL FOR An Act exempting cash tips from the individual income tax, and including applicability provisions
Status: In committee, April 17, 2025
An Act exempting cash tips from the individual income tax, and including applicability provisions.
What the bill says
A bill FOR An Act exempting cash tips from the individual income tax, and including applicability provisions.
From the introduced text, February 6, 2025:
A BILL FOR An Act exempting cash tips from the individual income tax, and including applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2526YH (2) jm/jh H.F. Section 1. Section 422.7, Code 2025, is amended by adding the following new subsection: NEW SUBSECTION. 45. Subtract, to the extent included, the amount of cash tips that were received and are included on statements furnished to an employer as required by section 6053(a) of the Internal Revenue Code. Sec. 2. APPLICABILITY. This Act applies to tax years beginning on or after January 1, 2026. EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation's substance by the members of the general assembly. This bill excludes from the individual income tax the amount of cash tips received and included on statements furnished to an employer as required by section 6053(a) of the Internal Revenue Code. The bill applies to tax years beginning on or after January 1, 2026. LSB 2526YH (2) -1- jm/jh 1/1
Sponsors
- David Young (R, 28) · primary sponsor
- Ryan Weldon (R, 41)
Latest actions
- : Committee report approving bill, renumbered as HF 1030 .
- : Committee vote: Yeas, 24. Nays, 0. Excused, 1. H.J. 990 .
- : Committee report, recommending amendment and passage. H.J. 990 .
- : Sponsor added, Holt. H.J. 811 .
- : Sponsors added, Behn, Bloomingdale, Boden, Johnson, C., Jones, Lundgren, Meggers, Nordman, Sexton, and Vondran. H.J. 750 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 02/25/2025 12:45PM House Lounge 2.
- : Subcommittee: Young, Behn and Wichtendahl. H.J. 406 .
- : Introduced, referred to Ways and Means. H.J. 262 .
Votes
- Committee report, recommending amendment and passage. H.J. 990 . (April 16, 2025): 24 yea, 0 nay, passed
Subjects: internal revenue code, labor and employment, income taxes, tax exemptions, money
Common questions
- What is HF268?
- HF268 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act exempting cash tips from the individual income tax, and including applicability provisions.
- What does HF268 do?
- In its own words: A bill FOR An Act exempting cash tips from the individual income tax, and including applicability provisions.
- What is the status of HF268?
- In committee as of April 17, 2025. Latest action: Committee report approving bill, renumbered as HF 1030 . (April 17, 2025).
- Who sponsored HF268?
- David Young (R, 28), with 1 co-sponsor.
- Where is the official record for HF268?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0268&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.