H.R. 154 · 111th Congress
Workers Severance Tax Reduction Act of 2009
- Stage
- In committee
- Sponsor
- John McHugh
- Introduced
- 2009-01-06
- Latest action
- 2009-01-13 · Sponsor introductory remarks on measure.
Summary
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.