SUSPENSION OF TAX ON PORTION OF UNEMPLOYMENT COMPENSATION.

SEC. 1007. SUSPENSION OF TAX ON PORTION OF UNEMPLOYMENT COMPENSATION.(a) In General.—Section 85 of the Internal Revenue Code of 1986 (relating to unemployment compensation) is amended by adding at the end the following new subsection:“(c) Special Rule for 2009.—In the case of any taxable year beginning in 2009, gross income shall not include so much of the unemployment compensation received by an individual as does not exceed $2,400.”.(b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2008.