[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2168 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2168

 To amend the Internal Revenue Code of 1986 to suspend the penalty on 
    underpayments of Federal income tax for unemployed individuals.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 29, 2009

  Mr. Duncan 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 suspend the penalty on 
    underpayments of Federal income tax for unemployed individuals.

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

SECTION 1. SUSPENSION OF PENALTY ON UNDERPAYMENTS OF FEDERAL INCOME TAX 
              FOR UNEMPLOYED INDIVIDUALS.

    (a) In General.--Section 6662 of the Internal Revenue Code of 1986 
(relating to imposition of accuracy-related penalty on underpayments) 
is amended by adding at the end the following new subsection:
    ``(f) Suspension of Penalty for Unemployed Individuals.--In the 
case of an individual who receives unemployment compensation (as 
defined in section 85(b) of the Internal Revenue Code of 1986) during a 
taxable year beginning in 2008 or 2009, subsection (a) shall not apply 
with respect to any underpayment of tax required to be shown on the 
return for such taxable year unless such underpayment is still 
outstanding on the date which is 2 years after the due date (including 
extensions) for filing such return.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2007.
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