HR 7314 · 110th Congress · Taxation

Workforce Fairness and Tax Relief Act of 2008

Introduced 2008-12-09· Sponsored by Rep. Michaud, Michael H. [D-ME-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2008-12-09)

Plain Language Summary

[AI summary unavailable — showing source text] Workforce Fairness and Tax Relief Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the inclusion of unemployment compensation in gross income; (2) allow tax-free distributions from retirement plans for unemployed individuals; (3) allow an exclusion from gross income for employee severance payments; and (4) increase the tax credit for the health insurance costs of individuals receiving trade adjustment assistance and certain pension payments.…

Summarized by Claude AI · Non-partisan · For informational purposes only