MADISON, WI (WTAQ-WRN) — Overtime and bonuses would be tax free in Wisconsin under proposed legislation at the Capitol.
The Republican-backed idea would make wages on hourly earnings beyond 40 hours a week and employer bonuses up to $2,500 per year exempt from the state income tax.
Proponents of the bill say it would help workers deal with inflation while also spurring people to pick up extra hours at their in a shorthanded workplace.
The sponsors of the bill say Wisconsin workers would save about $320 per year if it were approved.
The legislation is currently being circulating for co-sponsorship by other legislators.
