Sec. 1. Micro-grants for food security excluded from gross income
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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: 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. . 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. . The amendments made by this section shall apply to amounts received in taxable years beginning after the date of enactment of this Act.
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Sec. 1
Micro-grants for food security excluded from gross income
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