S. 4780: A bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
S. 4780 status: Referred.
What this bill does
Overall score
Bill summary
AI SummaryThe bill provides a specific tax exclusion for recipients of a narrow class of existing agricultural subgrants, resulting in limited but focused financial benefit.
Key analysis
Impact analysis
Environment
Benefits
- no material direct effect on environmental policy
Risks
- no material direct effect on environmental policy
Economy
Benefits
- reduces tax burden on recipients of food security grants
- increases net value of small-scale agricultural support
Risks
- marginal reduction in federal tax revenue
Society
Benefits
- lowers barriers to accessing food security micro-grants
- supports food sovereignty initiatives in underserved areas
Risks
- impact is limited to existing grant structures
How trustworthy & consequential it is
Confidence
highhigh
Information is complete and verified.
Analysis status
Full bill text (Congress.gov)
Source used for this bill's analysis.
provides tax relief but does not increase funding for the food security grants themselves
tax exclusion applies only to specific grants defined under 7 U.S.C. 7518
Where it stands
Introduced
CompleteCommittee
CurrentReferred
Floor
UpcomingEnacted
UpcomingHow it affects your district
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