Unemployment Benefit Tax Suspension Act of 2009

by United States Congress

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.

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.´´.