Hochul to put forward ‘no tax on tips’ proposal in New York

New York Gov. Kathy Hochul (D) will beryllium putting forward a “no taxation connected tips” connection successful her New York Executive Budget connection for fiscal 2027, her bureau announced connected Thursday. Hochul, who’s gearing up for a reelection bid this November, will beryllium proposing that up to $25,000 connected tipped income would beryllium exempt from authorities income taxes during the…