| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2655 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to sunset the Federal income |
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| 6 | 6 | | tax on unemployment compensation. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | APRIL3, 2025 |
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| 9 | 9 | | Mr. T |
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| 10 | 10 | | HANEDAR(for himself, Mr. JOHNSONof Georgia, Mrs. FOUSHEE, Ms. |
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| 11 | 11 | | N |
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| 12 | 12 | | ORTON, and Ms. BYNUM) introduced the following bill; which was re- |
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| 13 | 13 | | ferred to the Committee on Ways and Means |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To amend the Internal Revenue Code of 1986 to sunset |
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| 16 | 16 | | the Federal income tax on unemployment compensation. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. TERMINATION OF TAX ON UNEMPLOYMENT 3 |
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| 20 | 20 | | COMPENSATION. 4 |
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| 21 | 21 | | (a) I |
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| 22 | 22 | | NGENERAL.—Section 85 of the Internal Rev-5 |
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| 23 | 23 | | enue Code of 1986 is amended by striking subsection (c) 6 |
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| 24 | 24 | | and inserting the following new subsection: 7 |
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| 25 | 25 | | ‘‘(c) T |
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| 26 | 26 | | ERMINATION OF INCLUSION INGROSSIN-8 |
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| 27 | 27 | | COME.—This section shall not apply to taxable years be-9 |
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| 28 | 28 | | ginning after December 31, 2024.’’. 10 |
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| 29 | 29 | | VerDate Sep 11 2014 02:30 Apr 11, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2655.IH H2655 |
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| 30 | 30 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 31 | 31 | | •HR 2655 IH |
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| 32 | 32 | | (b) EFFECTIVEDATE.—The amendment made by 1 |
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| 33 | 33 | | this section shall apply to amounts received after Decem-2 |
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| 34 | 34 | | ber 31, 2024, in taxable years ending after such date. 3 |
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| 35 | 35 | | Æ |
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| 36 | 36 | | VerDate Sep 11 2014 02:30 Apr 11, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2655.IH H2655 |
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| 37 | 37 | | ssavage on LAPJG3WLY3PROD with BILLS |
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