H.R. 2655 — Introduced in House

I 119th CONGRESS 1st Session H. R. 2655 IN THE HOUSE OF REPRESENTATIVES April 3, 2025Mr. 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. 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.