Section 1 Strike benefits
In general— Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
“139J. Compensation for lost wages relating to a strike
“In the case of an individual, gross income shall not include compensation provided to a member of a labor organization described in section 501(c)(5) if such compensation is provided as a replacement for compensation not received by such member from such member’s employer as the result of a strike.”
Clerical amendment— The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting the following new item after the item relating to section 139I:
Effective date— The amendments made by this section shall apply to compensation received after January 1, 2023.