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A bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
To amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
Summary
- Amends the Internal Revenue Code to exclude micro-grants for food security from gross income for eligible entities receiving such assistance.
- Applies the exclusion to subgrants and other financial assistance received under section 4206 of the Agriculture Improvement Act of 2018.
- Makes the exclusion effective for amounts received in taxable years beginning after the bill is enacted into law.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Murkowski, Lisa [R-AK] (R-AK)
Actions (2)
- Jun 15, 2026 Read twice and referred to the Committee on Finance. · senate
- Jun 15, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
June 15, 2026
Ms. Murkowski introduced the following bill; which was read twice and referred to the Committee on Finance
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 139L the following new subsection:
“SEC. 139M. 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 139L the following new item:
“Sec. 139M. 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. <all>
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