[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2352 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 2352

To amend the Internal Revenue Code of 1986 to exclude micro-grants for 
                    food security from gross income.


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                   IN THE SENATE OF THE UNITED STATES

                             July 18, 2023

 Ms. Murkowski introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to exclude micro-grants for 
                    food security from gross income.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MICRO-GRANTS FOR FOOD SECURITY EXCLUDED FROM GROSS INCOME.

    (a) 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 subsection:

``SEC. 139J. MICRO-GRANTS FOR FOOD SECURITY.

    ``(a) In General.--In the case of an eligible entity (as defined in 
subsection (b)(1) of section 4206 of the Agriculture Improvement Act of 
2018 (7 U.S.C. 7518)), gross income shall not include any subgrant or 
other financial assistance received by such eligible entity under such 
section of such Act.''.
    (b) 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 related to section 139I the 
following new item:

``Sec. 139J. Micro-grants for food security.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts received in taxable years beginning after the date of 
enactment of this Act.
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