[Congressional Record Volume 167, Number 19 (Tuesday, February 2, 2021)]
[Senate]
[Page S251]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. DURBIN (for himself, Ms. Baldwin, Mr. Sanders, Ms. Hirono, 
        Mr. Menendez, Mr. Reed, Ms. Duckworth, Ms. Cortez Masto, and 
        Ms. Warren):
  S. 175. A bill to amend the Internal Revenue Code of 1986 to exempt a 
portion of unemployment compensation received during 2020 from income 
taxes; to the Committee on Finance.
  Mr. DURBIN. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                 S. 175

       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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