Excluding Pandemic Unemployment Compensation from Income Act

Bill: 116-hr-6695
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2020-05-01
Policy area: Taxation
Subjects: Cardiovascular and respiratory health

Emergency medical services and trauma care

Income tax exclusion

Infectious and parasitic diseases

Poverty and welfare assistance

Unemployment
Latest action: action_date: 2020-05-01
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2020-05-01
action_desc: Introduced in House
text: <p><b>Excluding Pandemic Unemployment Compensation from Income Act</b></p> <p>This bill excludes from gross income, for income tax purposes, addditional payments of unemployment compensation made in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. It also requires the disregard of such payments in determining eligibility for federal benefit programs and federally-assisted benefit programs.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6695 IN THE HOUSE OF REPRESENTATIVES May 1, 2020 Ms. Velázquez (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. Cárdenas ) 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.

1. Short title This Act may be cited as the Excluding Pandemic Unemployment Compensation from Income Act . 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.