Text: H.R.6695 — 116th Congress (2019-2020)All Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in House (05/01/2020)

 
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6695 Introduced in House (IH)]

<DOC>






116th CONGRESS
  2d Session
                                H. R. 6695

 To exclude from tax certain payments of Federal pandemic unemployment 
                 compensation, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 1, 2020

Ms. Velazquez (for herself, Mr. Cicilline, Mr. Tonko, Mrs. Demings, Mr. 
Espaillat, Mr. Grijalva, Ms. Ocasio-Cortez, Mr. Cox of California, Mr. 
 Hastings, Mr. Rose of New York, Ms. Jayapal, Ms. Meng, Mr. Pocan, Mr. 
Cisneros, Mr. Veasey, Ms. Norton, Mr. Suozzi, Ms. Speier, Ms. Pressley, 
Mr. Gonzalez of Texas, Ms. Tlaib, Mr. Kennedy, Mrs. Trahan, Mr. Nadler, 
  Mr. Sires, Ms. Clarke of New York, and Mr. Cardenas) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To exclude from tax certain payments of Federal pandemic unemployment 
                 compensation, and for other purposes.

    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 ``Excluding Pandemic Unemployment 
Compensation from Income Act''.

SEC. 2. CERTAIN PAYMENTS OF FEDERAL PANDEMIC UNEMPLOYMENT COMPENSATION 
              NOT INCLUDIBLE IN GROSS INCOME OR TAKEN INTO ACCOUNT IN 
              DETERMINING CERTAIN MEANS-TESTED BENEFITS.

    (a) Exclusion From Gross Income.--For purposes of the Internal 
Revenue Code of 1986, gross income shall not include the additional 
amount of $600 referred to in section 2104(b)(1)(B) of the CARES Act 
which is received by the taxpayer pursuant to section 2102, 2104, or 
2107 of such Act.
    (b) Disregarded in the Administration of Federal Programs and 
Federally Assisted Programs.--For purposes of section 6409 of the 
Internal Revenue Code of 1986, any additional amount of $600 to which 
subsection (a) applies shall be treated in the same manner as a refund 
under such Code.
    (c) Effective Dates.--
            (1) Exclusion.--Subsection (a) shall apply to taxable years 
        ending after the date of the enactment of the CARES Act.
            (2) Disregard.--Subsection (b) shall apply to amounts 
        received after the date of the enactment of the CARES Act.
                                 <all>

Share This