Portions of government cost-sharing payments to assist in water and soil conservation projects are not includible in the recipient's income.
Origin: IRC § 126
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2018
FY2019
FY2020
FY2021
FY2022
Personal Income Tax
Exclusions from Gross Income
1.017
Exemption of Cost-Sharing Payments
Portions of government cost-sharing payments to assist in water and soil conservation projects are not includible in the recipient's income.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000126----000-.html" target="_blank">IRC § 126</a>
Negligible
Negligible
Negligible
Negligible
Negligible
Loading...