NC Lawmakers File Bill to End Taxes on Tips, Overtime and Bonus Pay
Raleigh, N.C. – North Carolina Representatives Harry Warren, John Bell, Erin Paré and Allen Chesser introduced House Bill 11, “No Tax on Tips, Overtime and Bonus Pay.” The legislation eliminates state income taxes for tips and overtime while also providing a tax deduction for bonus pay up to $2,500.
“This is a common-sense way to reward hardworking hourly employees who go above and beyond to support their families,” said Rep. Warren. “It also incentivizes workers to take on extra shifts and helps employers fill vacant positions.”
“Many hourly workers rely on tipped and overtime wages to pay their bills,” said Rep. Bell. “By allowing these folks to keep more of their hard-earned money, this bill increases take-home pay, supports job growth and honors the value of hard work.”
House Bill 11 would provide a tax deduction for the following:
Any amount received as overtime compensation.
Up to $2,500 of “bonus pay.”
Any amount received as tips.
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