Workers Severance Tax Reduction Act of 2009

Summary

Official

Workers Severance Tax Reduction Act of 2009 - Amends the Internal Revenue Code to exclude from the gross income of individual taxpayers severance payments up to $150,000 for separation from employment due to a workforce reduction. Terminates such exclusion after 2010.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/6/09)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. MCHUGH

(R) NY – 23

Cosponsors (20)

YOUNG

(R) AK

Rooney

(R) FL

FRANK

(D) MA

BOSWELL

(D) IA

SOUDER

(R) IN

Loebsack

(D) IA

JONES

(R) NC

Massa

(D) NY

Meeks

House (D) New York

Rogers

(R) MI

Topics

Government Spending & Operations

Employment

Latest Action

Sponsor introductory remarks on measure. (CR E69)

Jan 13, 2009

View Bill on Congress.gov