Unlocking Low-Income Taxpayer Clinic Funding Act

This bill, titled the Unlocking Low-Income Taxpayer Clinic Funding Act, changes how federal grants are distributed to organizations that help low-income individuals with their taxes. Under the new rules, these clinics must provide matching funds equal to the grant amount they receive, but the matching funds can include salaries, fringe benefits, and equipment costs rather than just cash. The law requires this match to be 100 percent of the grant, though the IRS director has the option to lower the requirement to as little as 25 percent if doing so would help more taxpayers access the clinics. These changes take effect for tax years starting after the bill is signed into law.