United StatesSenate Bill 2616S 2616
Amend the Act of October 19, 1973, to increase the maximum dollar amount of per capita shares for purposes of eligibility for financial assistance or other benefits under Federal or federally assisted programs, and for other purposes.
Taxation
2 pages
- senate
- house
- president
Last progress July 31, 2025 (4 months ago)
Introduced on July 31, 2025 by Tina Smith
House Votes
Vote Data Not Available
Senate Votes
Pending Committee
July 31, 2025 (4 months ago)Read twice and referred to the Committee on Finance.
Presidential Signature
Signature Data Not Available
AI Summary
This bill would raise the cap on “per capita shares” that can be ignored when deciding if someone qualifies for federal or federally assisted benefits. It sets the exempt amount at $5,000, so receiving up to that amount wouldn’t count against you when programs check your income or resources. It also makes small wording fixes to the older law.
- Key change: replaces the old dollar figure in the 1973 law with $5,000 in the section on tax and resource exemptions.
| Who is affected | What changes | Why it matters | When |
|---|---|---|---|
| People who receive “per capita shares” covered by the 1973 law | Up to $5,000 of these payments would not count for taxes/resources when programs decide benefit eligibility | Makes it easier to qualify for or keep federal or federally assisted benefits if you receive these payments | Would take effect if enacted into law |
It also corrects minor wording errors in the same section of the 1973 law.
Text Versions
Text as it was Introduced in Senate
ViewJuly 31, 2025•2 pages
Amendments
No Amendments