119 S4881 IS: Unlocking Low-Income Taxpayer Clinic Funding Act
U.S. Senate
2026-06-24
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EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.This Act may be cited as the Unlocking Low-Income Taxpayer Clinic Funding Act
.2.Low-income taxpayer clinic funding unlocked(a)Paragraph (5) of section 7526(c) of the Internal Revenue Code of 1986 is amended to read as follows:(5)Requirement of matching funds(A)With respect to any grant provided to a low-income taxpayer clinic under this section, such clinic shall provide matching funds equal to the applicable percentage of the amount of such grant.(B)(i)For purposes of this paragraph, the term matching funds may include—(I)the salary (including fringe benefits) of individuals performing services for the low-income taxpayer clinic, and(II)the cost of equipment used in the low-income taxpayer clinic.(ii)For purposes of this paragraph, the term matching funds shall not include any indirect expenses, such as general overhead of the institution sponsoring the low-income taxpayer clinic.(C)For purposes of subparagraph (A), the applicable percentage shall be 100 percent, except that the Secretary may establish a lower percentage (not below 25 percent) if the Secretary determines that such percentage would expand the coverage of the low-income taxpayer clinic to additional taxpayers..(b)Section 7526(c) of the Internal Revenue Code of 1986, as amended by subsection (a), is further amended—(1)by striking paragraphs (1) and (2), and(2)by redesignating paragraphs (3) through (6) as paragraphs (1) through (4).(c)The amendments made by this section shall apply to calendar years beginning after the date of enactment of this Act.