H.R.2806 - Workforce Fairness and Tax Relief Act of 2011

To amend the Internal Revenue Code of 1986 to provide tax relief to the unemployed, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide tax relief to the unemployed, and for other purposes. as introduced.
  • Short: Workforce Fairness and Tax Relief Act of 2011 as introduced.

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Introduced
 
House
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President
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08/05/11
 
 
 
 
 
 
 

Official Summary

Workforce Fairness and Tax Relief Act of 2011 - Amends the Internal Revenue Code to: (1) repeal the inclusion of unemployment compensation in gross income for income tax purposes, (2) exclude from gross income trade adjustment assistance (TAA) provided by the Trade Act of 1974, and (3) allo

Official Summary

Workforce Fairness and Tax Relief Act of 2011 - Amends the Internal Revenue Code to:
(1) repeal the inclusion of unemployment compensation in gross income for income tax purposes,
(2) exclude from gross income trade adjustment assistance (TAA) provided by the Trade Act of 1974, and
(3) allow penalty-free distributions from tax-exempt retirement plans to individuals who have been separated from employment and have received unemployment compensation for 24 consecutive weeks.

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