A bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.

Bill 118 s 2352, also known as the "Micro-Grants for Food Security Act," is a proposed piece of legislation that aims to make changes to the Internal Revenue Code of 1986. The main purpose of this bill is to exclude micro-grants for food security from being considered as gross income for tax purposes.

Micro-grants are small financial assistance provided to individuals or organizations to support food security initiatives. By excluding these micro-grants from gross income, the bill seeks to incentivize and support efforts to address food insecurity in the United States.

If passed, this bill would provide a tax benefit to individuals and organizations that receive micro-grants for food security, allowing them to use the funds more effectively towards their intended purpose without having to worry about the tax implications. Overall, the Micro-Grants for Food Security Act aims to promote and support initiatives that address food insecurity in the United States by providing a tax exemption for micro-grants specifically designated for this purpose.