Low-Income Taxpayer Clinic Modernization Act of 2024

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8876 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 8876

To amend the Internal Revenue Code of 1986 to remove the limitation on 
 the aggregate amount of grants made available to low-income taxpayer 
 clinics and to adjust the matching fund requirements for such clinics.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 27, 2024

 Mr. Wenstrup (for himself, Mr. Davis of Illinois, Mrs. Miller of West 
  Virginia, and Mr. Raskin) introduced the following bill; which was 
              referred to the Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to remove the limitation on 
 the aggregate amount of grants made available to low-income taxpayer 
 clinics and to adjust the matching fund requirements for such clinics.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Low-Income Taxpayer Clinic 
Modernization Act of 2024''.

SEC. 2. LOW-INCOME TAXPAYER CLINICS.

    (a) Remove Limit on Individual Clinic.--Section 7526(c) of such 
Code is amended by striking paragraph (2) and redesignating paragraphs 
(3) through (6) as paragraphs (2) through (5), respectively.
    (b) Waiver of Requirement of Matching Funds.--Section 7526(c)(4) of 
such section, as redesignated by subsection (a), is amended to read as 
follows:
            ``(4) Requirement of matching funds.--
                    ``(A) In general.--A low-income taxpayer clinic 
                must provide the applicable amount of matching funds 
                for all grants provided under this section. Matching 
                funds may include--
                            ``(i) the salary (including fringe 
                        benefits) of individuals performing services 
                        for the clinic, and
                            ``(ii) the cost of equipment used in the 
                        clinic.
                    ``(B) Indirect expenses not treated as matching 
                funds.--Indirect expenses, including general overhead 
                of the institution sponsoring the clinic, shall not be 
                counted as matching funds for the purposes of this 
                paragraph.
                    ``(C) Applicable amount.--For purposes of 
                subparagraph (A), the term `applicable amount' means--
                            ``(i) 100 percent of the grant issued under 
                        this section, or
                            ``(ii) in a case in which the Secretary 
                        determines that a lower matching contribution 
                        will expand services to more taxpayers, an 
                        amount determined to be appropriate by the 
                        Secretary that is not less than 25 percent of 
                        the grant issued under this section.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to grants issued after the date of the enactment of this Act.
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