By Austin News |
Jun 20, 2024
U.S. Sen. Ted Cruz (R-Texas) introduced the No Tax on Tips Act, a legislative proposal aimed at exempting tips from federal income tax. The bill is co-sponsored by Sens. Steve Daines (R-Mont.), Rick Scott (R-Fla.), and Kevin Cramer (R-N.D.). Industry groups, including the National Restaurant Association, have expressed support for the initiative.