Unemployment Benefit Tax Suspension Act of 2009
January 6, 2009
Ms. SNOWE (for herself, Mrs. LINCOLN, and Mr. BUNNING) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to suspend the taxation of unemployment compensation for 2 years.
- Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
- This Act may be cited as the ``Unemployment Benefit Tax Suspension Act of 2009´´.
SEC. 2. SUSPENSION OF TAX ON UNEMPLOYMENT COMPENSATION.
- (a) In General.-
- Section 85 of the Internal Revenue Code of 1986 (relating to unemployment compensation) is amended by adding at the end the following new subsection:
- ``(c) Temporary Suspension- Subsection (a) shall not apply to taxable years beginning after December 31, 2007, and before January 1, 2010.´´.