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

New York Gov. Kathy Hochul (D) will put forward a “no tax on tips” proposal in her New York Executive Budget proposal for fiscal 2027, her office announced Thursday. Hochul, who’s gearing up for a reelection bid this November, will be proposing that up to $25,000 on tipped income would be exempt from state income taxes during the 2026 tax...