Ask AI
H.R. 7350

To amend the Internal Revenue Code of 1986 to exempt certain late unemployment payments from taxation.

This bill excludes from the gross income of a taxpayer up to $10,200 in unemployment compensation issued to the taxpayer for calendar year 2020, but not received until 2021. This exclusion applies to taxable years beginning after December 31, 2020.

Referred to the House Committee on Ways and Means.

Rep. Thompson, Mike [D-CA-5](D-CA)Sponsor
15 cosponsors15 D
15cosponsors1committees3actions
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to exempt certain late unemployment payments fr… — Informed