This bill would change federal tax law to exclude micro-grants for food security from being counted as taxable income. The legislation specifically applies to eligible entities that receive these grants under the Agriculture Improvement Act of 2018, meaning organizations that qualify for and receive food security funding would not owe federal income taxes on those grant amounts. The bill would take effect for any grants received in tax years beginning after it is enacted into law. No specific funding is allocated in this legislation, as it functions as a tax code change rather than a spending measure. The change is aimed at making it easier for food security organizations to use grant money for their intended purpose without the tax burden that would otherwise apply to such financial assistance.
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