[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3543 Introduced in House (IH)]
<DOC>
118th CONGRESS
1st Session
H. R. 3543
To amend the Agriculture Improvement Act of 2018 with respect to micro-
grants for food security.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 18, 2023
Ms. Tokuda (for herself, Ms. Plaskett, Mr. Moylan, Mr. Sablan, and Mrs.
Radewagen) introduced the following bill; which was referred to the
Committee on Ways and Means, and in addition to the Committee on
Agriculture, for a period to be subsequently determined by the Speaker,
in each case for consideration of such provisions as fall within the
jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To amend the Agriculture Improvement Act of 2018 with respect to micro-
grants for food security.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Grow Your Own Food Act''.
SEC. 2. MICRO-GRANTS FOR FOOD SECURITY.
(a) In General.--Section 4206 of the Agriculture Improvement Act of
2018 (7 U.S.C. 7518) is amended--
(1) in subsection (d)(3), in the matter preceding
subparagraph (A), by striking ``3 percent'' and inserting ``6
percent'';
(2) in subsection (e)(1)(A)--
(A) in clause (i), by striking ``$5,000'' and
inserting ``$10,000''; and
(B) in clause (ii), by striking ``$10,000'' and
inserting ``$15,000''; and
(3) in subsection (g)(1), by striking ``fiscal year 2019
and'' inserting ``each of fiscal years 2019 through 2023, and
$30,000,000 for''.
(b) Exclusion From Gross Income.--
(1) In general.--Part III of subchapter B of chapter 1 of
the Internal Revenue Code of 1986 is amended by inserting after
section 139I the following new section:
``SEC. 139J. MICRO-GRANTS FOR FOOD SECURITY.
``(a) In General.--In the case of any eligible entity (as defined
in section 4206 of the Agricultural Improvement Act of 2018 (7 U.S.C.
7518)), gross income shall not include the amount of any subgrant
received under such section.
``(b) Deductions, etc., Allowed.--No deduction shall be denied, no
tax attribute shall be reduced, and no basis increase shall be denied,
by reason of the exclusion from gross income provided by subsection
(a).''.
(2) Clerical amendment.--The table of sections for part III
of subchapter B of chapter 1 of the Internal Revenue Code of
1986 is amended by inserting after the item relating to section
139I the following new item:
``Sec. 139J. Micro-grants for food security.''.
(3) Effective date.--The amendments made by this section
shall apply to taxable years ending after the date of the
enactment of this Act.
<all>