[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 175 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 175

   To amend the Internal Revenue Code of 1986 to exempt a portion of 
   unemployment compensation received during 2020 from income taxes.


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                   IN THE SENATE OF THE UNITED STATES

                            February 2, 2021

  Mr. Durbin (for himself, Ms. Baldwin, Mr. Sanders, Ms. Hirono, Mr. 
 Menendez, Mr. Reed, Ms. Duckworth, Ms. Cortez Masto, and Ms. Warren) 
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 exempt a portion of 
   unemployment compensation received during 2020 from income taxes.

    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 ``Coronavirus Unemployment Benefits 
Tax Relief Act''.

SEC. 2. SUSPENSION OF TAX ON PORTION OF UNEMPLOYMENT COMPENSATION.

    (a) In General.--Section 85 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subsection:
    ``(c) Special Rule for 2020.--In the case of any taxable year 
beginning in 2020, gross income shall not include so much of the 
unemployment compensation received by an individual as does not exceed 
$10,200.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2019.
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