April 2024

State Updates

 

Montana Modifies Taxation of Tipped Income

12/07/23

Effective Jan. 1, 2024, tipped income will become taxable in the state of Montana.
Monday, December 4, 2023/Author: ADP Admin/Number of views (796)/Comments (0)/

Colorado requires new annual notice - Updated

12/07/23

The Colorado Department of Revenue has released a model notice to satisfy the notice requirement.   Colorado employers should review the model notice instructions carefully and distribute the notice to employees accordingly.
Monday, December 4, 2023/Author: ADP Admin/Number of views (950)/Comments (0)/

Alabama Enacts Bill Regarding Taxability of Overtime Wages

12/07/23

As previously announced and as described in the ADP TotalSource's Insights and Solutions bulletin, in June 2023, Alabama enacted House Bill 217  (HB 217 or the Bill), which excludes from gross income for state income tax (SIT) purposes amounts received by a full-time hourly wage-paid employee as compensation for work performed in excess of 40 hours in a week.  This exclusion goes into effect for overtime wages paid beginning Jan. 1, 2024, and is currently scheduled to end on June 30, 2025.

Monday, December 4, 2023/Author: ADP Admin/Number of views (988)/Comments (0)/
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Recent State Updates

 

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