[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3942 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 3942

 To amend the Internal Revenue Code of 1986 to exclude strike benefits 
                           from gross income.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 2, 1994

Mr. Applegate introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to exclude strike benefits 
                           from gross income.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCLUSION OF STRIKE BENEFITS.

    (a) General Rule.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by redesignating section 137 as section 
138 and by inserting after section 136 the following new section:

``SEC. 137. STRIKE BENEFITS.

    ``(a) General Rule.--Gross income does not include any strike 
benefit.
    ``(b) Strike Benefit.--For purposes of subsection (a), the term 
`strike benefit' means any payment to an individual if--
            ``(1) such payment is made on account of such individual 
        being on strike or prevented from working because of a lockout 
        or other labor dispute, and
            ``(2) such payment is from a fund established by a labor 
        organization.''
    (b) Clerical Amendment.--The table of sections for part III of 
subchapter B of chapter 1 of such Code is amended by striking the item 
relating to section 137 and inserting the following:

                              ``Sec. 137. Strike benefits.
                              ``Sec. 138. Cross references to other 
                                        Acts.''
    (c) Effective Date.--The amendments made by this section shall 
apply to payments received after December 31, 1993.

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