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This bill would suspend the taxation of unemployment compensation up to January 1st, 2010. A similar bill in the House, H.R.155
calls for the same provisions but extends them to January 1st, 2011.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.
Unemployment Benefit Tax Suspension Act of 2009 - Amends the Internal Revenue Code to suspend, for taxable years beginning after December 31, 2007, and before January 1, 2010, the taxation of unemployment compensation.