[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 886 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 886

  To amend the Internal Revenue Code of 1986 to exclude unemployment 
                    compensation from gross income.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 6, 2001

Ms. Eddie Bernice Johnson of Texas 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 unemployment 
                    compensation 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 UNEMPLOYMENT COMPENSATION FROM GROSS INCOME.

    (a) In General.--Part II of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically included 
in gross income) is amended by striking section 85.
    (b) Conforming and Clerical Amendments.--
            (1) Section 3402(p) of such Code is amended by striking 
        paragraph (2) and redesignating paragraph (3) as paragraph (2).
            (2) Such Code is amended by striking section 6050B and by 
        striking the item relating to that section in the table of 
        sections for subpart B of part III of subchapter A of chapter 
        61.
            (3) The table of sections for part II of subchapter B of 
        chapter 1 of such Code is amended by striking the item relating 
        to section 85.
    (c) Effective Date.--The amendments made by this Act shall apply to 
payments of unemployment compensation made after December 31, 2001, in 
taxable years ending after such date.
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