[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 435 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 435

 To exclude from tax certain payments of Federal pandemic unemployment 
                 compensation, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 21, 2021

 Ms. Velazquez (for herself, Ms. Norton, Ms. Williams of Georgia, Mr. 
Smith of Washington, Ms. Jayapal, Mr. Meeks, Mr. Welch, Ms. Schakowsky, 
Ms. Kaptur, Ms. Tlaib, Ms. Wild, Ms. Newman, Ms. Lee of California, Ms. 
Meng, and Mr. Nadler) introduced the following bill; which was referred 
                   to the Committee on Ways and Means

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                                 A BILL


 
 To exclude from tax certain payments of Federal pandemic unemployment 
                 compensation, and for other purposes.

    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 ``Excluding Pandemic Unemployment 
Compensation from Income Act''.

SEC. 2. CERTAIN PAYMENTS OF FEDERAL PANDEMIC UNEMPLOYMENT COMPENSATION 
              NOT INCLUDIBLE IN GROSS INCOME OR TAKEN INTO ACCOUNT IN 
              DETERMINING CERTAIN MEANS-TESTED BENEFITS.

    (a) Exclusion From Gross Income.--For purposes of the Internal 
Revenue Code of 1986, gross income shall not include the amount 
specified in section 2104(b)(3) of the CARES Act to the extent such 
amount is received by the taxpayer pursuant to section 2102, 2104, or 
2107 of such Act.
    (b) Disregarded in the Administration of Federal Programs and 
Federally Assisted Programs.--For purposes of section 6409 of the 
Internal Revenue Code of 1986, any amount excluded from gross income 
under subsection (a) shall be treated in the same manner as a refund 
under such Code.
    (c) Effective Dates.--
            (1) Exclusion.--Subsection (a) shall apply to taxable years 
        ending after the date of the enactment of the CARES Act.
            (2) Disregard.--Subsection (b) shall apply to amounts 
        received after the date of the enactment of the CARES Act.
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