[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3718 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3718

 To amend the Internal Revenue Code of 1986 to suspend the taxation of 
                 unemployment compensation for 2 years.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

            December 8 (legislative day, November 20), 2008

   Ms. Snowe 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 2008''.

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.''.
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