Federal SB4780 would exclude micro-grants for food security from gross income.

Federal SB4780 amends the Internal Revenue Code to exclude micro-grants for food security from gross income. This bill introduces a new section, 139M, specifying that eligible entities receiving such grants are not required to include them in their gross income. The changes apply to amounts received in taxable years beginning after the bill's enactment.

Federal SB4780 would exclude micro-grants for food security from gross income.

Federal SB4780 amends the Internal Revenue Code to exclude micro-grants for food security from gross income. This bill introduces a new section, 139M, specifying that eligible entities receiving such grants are not required to include them in their gross income. The changes apply to amounts received in taxable years beginning after the bill's enactment.