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Senate panel advances bill exempting state income tax on unemployment for 2020–2021
Summary
The Senate Revenue & Taxation Committee voted to advance Senate Bill 236, which would exempt state income tax on unemployment benefits for calendar years 2020 and 2021. DFA testified the measure reduces taxpayer uncertainty during filing season and estimated a potential FY21 revenue impact of about $51 million.
The Senate Revenue & Taxation Committee on the floor advanced Senate Bill 236, a measure that would remove state income tax on unemployment benefits for calendar years 2020 and 2021 to address pandemic-era filing and administrative issues.
Sponsor testimony said the bill is intended to reduce taxpayer confusion after a spike in unemployment claims and the issuance of 1099 forms. "What this bill does, it removes the unemployment state income or state income tax on unemployment for the calendar years, 2020 and 2021," the sponsor told the committee. Committee members underscored urgency because tax season was beginning and many taxpayers had already received 1099 forms.
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