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S. 4713

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to exempt a portion of unemployment compensation received during 2020 from income taxes.
About This Bill
Committee
Latest Action · September 24, 2020
Read twice and referred to the Committee on Finance. (text: CR S5869)
Congress
116th (2019–2021)
Introduced
September 24, 2020
Sponsor
Sen. Richard DurbinD
Cosponsors (4)
4D 0R
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Summary

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Coronavirus Unemployment Benefits Tax Relief Act This bill excludes from employee gross income, for income tax purposes, unemployment compensation received in taxable years beginning in 2020 that does not exceed $10,200.

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