SB2352: A bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
Plain-language summary
This bill would change federal tax law to let people exclude small grants for food security from their taxable income. Taxable income is the amount of money the government counts when calculating how much tax you owe. The bill affects anyone who receives these micro-grants, which are small amounts of money given to help people buy food. Currently, these grants count as income and may increase someone's tax burden. The bill has been introduced in Congress but has not yet been assigned to a for review.
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SB2352: A bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for f…