119-HR2655
To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.
Last action was on 4-3-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 2655
1. Termination of tax on unemployment compensation1. Termination of tax on unemployment compensation
(a) In general - Section 85 of the Internal Revenue Code of 1986 is amended by striking subsection (c) and inserting the following new subsection:
(c) Termination of inclusion in gross income - This section shall not apply to taxable years beginning after December 31, 2024.
(b) Effective date - The amendment made by this section shall apply to amounts received after December 31, 2024, in taxable years ending after such date.