Unlocking Low-Income Taxpayer Clinic Funding Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill changes the rules for grants given to low-income taxpayer clinics. Currently, these clinics must match grant funds with an equivalent amount. This bill removes the requirement for a dollar-for-dollar match, allowing clinics to use things like employee salaries and equipment costs as matching funds. The Secretary of the Treasury can set a lower matching percentage, up to 25%, if they believe it will help the clinic serve more taxpayers.
Key provisions
- Removes the requirement for low-income taxpayer clinics to match grant funds dollar-for-dollar.
- Allows matching funds to include employee salaries and equipment costs.
- Prohibits indirect expenses, such as general overhead, from being counted as matching funds.
- Allows the Secretary of the Treasury to set a lower matching percentage (up to 25%).
- Reorganizes existing sections of the Internal Revenue Code related to clinic funding.
Who is affected
- Low-income taxpayer clinics
- Taxpayers who utilize low-income taxpayer clinics
- The Internal Revenue Service (IRS)
- The Department of the Treasury
- Nonprofit organizations
Notable changes
- Changes the matching funds requirement for grants to low-income taxpayer clinics.
- Provides flexibility for clinics to use various resources as matching funds.
Bill text
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Sponsors
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2 on record
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