I
119th CONGRESS
1st Session
H. R. 2655
IN THE HOUSE OF REPRESENTATIVES
April 3, 2025
Mr. Thanedar (for himself, Mr. Johnson of Georgia, Mrs. Foushee, Ms. Norton, and Ms. Bynum) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to sunset the Federal income tax on unemployment compensation.
Section 1. Termination of tax on unemployment compensation
(a) In general
Section 85 of the Internal Revenue Code of 1986 is amended by striking subsection (c) and inserting the following new subsection:
(c) Termination of inclusion in gross income
This section shall not apply to taxable years beginning after December 31, 2024.
(b) Effective date
The amendment made by this section shall apply to amounts received after December 31, 2024, in taxable years ending after such date.