Without any specific exemption, it would be taxable income.
I didn't read the entire relief plan word for word, but I skimmed it and searched for potential tax exemptions related to the payout itself, didn't find any.
Regardless, I'm not terribly critical of the payout...it's not a solution, but it will help, it is largely directed at lower income brackets, and was passed remarkably quickly. It's way better than nothing and considerably better than some initial proposals.
Oh sure. It is just that I worked for the Dutch IRS and I developed a well-honed irritation for needlessly daft things like this. But sure, it beats nothing for sure and this will be an important short-term relief for millions.