A bill to amend the Internal Revenue Code of 1986 to exempt a portion of unemployment compensation received during 2020 from income taxes.
Coronavirus Unemployment Benefits Tax Relief Act
This bill excludes from employee gross income, for income tax purposes, unemployment compensation received in taxable years beginning in 2020 that does not exceed $10,200.
Introduced in Senate
Read twice and referred to the Committee on Finance. (text: CR S5869)
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