II 118th CONGRESS 1st Session S. 2352 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 A BILL To amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.

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: 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.