A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of repayments of supplemental unemployment compensation benefits required by reason of the receipt of trade readjustment assistance.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income repayments of unemployment benefits to a supplemental unemployment compensation trust which are required because of the receipt of trade adjustment allowances under the Trade Act of 1974. Limits such exclusion to the year of repayment.…