Unemployment Benefit Tax Suspension Act of 2009

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111TH CONGRESS

1ST SESSION

S. 155


IN THE SENATE OF THE UNITED STATES

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

A BILL

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.[edit]

This Act may be cited as the ``Unemployment Benefit Tax Suspension Act of 2009´´.

SEC. 2. SUSPENSION OF TAX ON UNEMPLOYMENT COMPENSATION.[edit]

(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.´´.