[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1599 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                S. 1599

 To amend the Internal Revenue Code of 1986 to repeal the inclusion in 
               gross income of unemployment compensation.


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                   IN THE SENATE OF THE UNITED STATES

                            October 31, 2001

 Mr. Voinovich 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 repeal the inclusion in 
               gross income of unemployment compensation.

    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 ``Tax Relief for Unemployed Workers 
Act of 2001''.

SEC. 2. REPEAL OF TAX ON UNEMPLOYMENT COMPENSATION.

    (a) In General.--Section 85 of the Internal Revenue Code of 1986 
(relating to unemployment compensation) is repealed.
    (b) Conforming Amendments.--
            (1) Subsection (p) of section 3402 of the Internal Revenue 
        Code of 1986 is amended by striking paragraph (2) and by 
        redesignating paragraph (3) as paragraph (2).
            (2) Section 6050B of such Code is repealed.
            (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.
            (4) The table of sections for subpart B of part III of 
        subchapter A of chapter 61 of such Code is amended by striking 
        the item relating to section 6050B.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2001.
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