II
110th CONGRESS
2d Session
S. 3718
IN THE SENATE OF THE UNITED STATES
December 8 (legislative day, November 20), 2008
Ms. Snowe 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 suspend the taxation of unemployment compensation for 2 years.
Short title
This Act may be cited as the
Unemployment Benefit Tax Suspension
Act of 2008
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Suspension of tax on unemployment compensation
In general
Section 85 of the Internal Revenue Code of 1986 (relating to unemployment compensation) is amended by adding at the end the following new subsection:
Temporary suspension
Subsection (a) shall not apply to taxable years beginning after December 31, 2007, and before January 1, 2010.
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