,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cdbb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #cj1 #bjac,mr4
 ,langev9 7= himself1 ,mr4 ,cook1 & ,mr4
 ,ha/+s ( ,florida7 introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[ a
 cr$it = vet]an fir/-"t homebuy]s & =   
adaptive h\s+ & mobility improvem5ts =  
disabl$ vet]ans1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,vet]ans ,homebuy] ,accessibility ,act (
 #bjac4  #b4 ,vet]an fir/-"t homebuy]   
tax cr$it  7a7 ,9 g5]al ,subsection 7a7 
( section #cf ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ to read z foll[s3  7a7
 ,all[ance ( cr$it ,9 ! case ( an       
eligible vet]an :o pur*ases a pr9cipal  
resid5ce 9 ! ,unit$ ,/ates dur+ !       
taxable ye>1 !re %all be all[$ z a cr$it
 aga9/ ! tax impos$ by ?is subtitle =   
su* taxable ye> an am\nt equal to #aj   
p]c5t ( ! pur*ase price ( ! resid5ce4  4
  7b7 ,additional limitation = adaptive 

h\s+ improvem5ts ,p>agraph 7#a7 (       
section #cf7;b7 ( su* ,code is am5d$ by 
r$esignat+ subp>agraphs 7,b71 7,c71 &   
7,d7 z subp>agraphs 7,c71 7,d71 & 7,e71 
respectively1 & by ins]t+ aft]          
subp>agraph 7,a7 ! foll[+ new           
subp>agraph3  7,b7 ,special rule =      
adaptive h\s+ improvem5ts ,9 ! case ( a 
pr9cipal resid5ce ) special fixtures or 
movable facilities made necess>y by !   
nature ( ! disability ( ! vet]an1 if su*
 fixtures & facilities are-- 7i7 provid$
 to ! vet]an pursuant to specially      
adapt$ h\s+ assi/ance "u *apt] #ag or   
#ba ( title #ch1 ,unit$ ,/ates ,code1 or
  7ii7 simil> to su* fixtures &         
facilities t w\ld be provid$ to ! vet]an
 if ! vet]an receiv$ su* assi/ance1  !n 
subp>agraph 7,a7 %all be increas$ by !  
less] ( #h1jjj or ! portion ( ! pur*ase 
price ( ! pr9cipal resid5ce attributable
 su* fixtures or movable facilities4  4 
7c7 ,eligible vet]an  7#a7 ,9 g5]al     
,p>agraph 7#a7 ( section #cf7;c7 ( su*  
,code is am5d$ by /rik+ ,fir/-"t        

homebuy]4--,! t]m fir/ "t homebuy] means
 any individual & ins]t+ ,eligible      
vet]an4--,! t]m eligible vet]an means   
any individual :o is a vet]an 7z def9$ 9
 section #aja7b7 ( title #ch1 ,unit$    
,/ates ,code74  7#b7 ,long-"t resid5t   
,p>agraph 7#f7 ( section #cf7;c7 ( su*  
,code is am5d$ by /rik+ treat$ z a      
fir/-"t homebuy] & ins]t+ treat$ z meet+
 ! no pres5t own]%ip int]e/ requirem5t (
 p>agraph 7#a74  7d7 ,recapture ( cr$it 
,subsection 7f7 ( section #cf ( su*     
,code is am5d$ to read z foll[s3  7f7   
,recapture ( cr$it  7#a7 ,9 g5]al ,if a 
taxpay] disposes ( ! pr9cipal resid5ce )
 respect to :i* a cr$it 0 all[$ "u      
subsection 7a7 7or su* resid5ce ceases  
to be ! pr9cipal resid5ce ( ! taxpay]   
7&1 if m>ri$1 ! taxpay]'s sp\se77 be=e !
 end ( ! #cf-mon? p]iod beg9n+ on ! date
 ( ! pur*ase ( su* resid5ce by ! taxpay]
 ! tax impos$ by ?is *apt] = ! taxable  
ye> ( su* disposition or cessation %all 
be increas$ by ! am\nt ( ! cr$it s      
all[$4  7#b7 ,exceptions  7,a7 ,dea? (  

taxpay] ,p>agraph 7#a7 %all n apply to  
any taxable ye> end+ aft] ! date ( !    
taxpay]'s dea?4  7,b7 ,involunt>y       
conv]sion ,p>agraph 7#a7 %all n apply 9 
! case ( a resid5ce :i* is compulsorily 
or involunt>ily conv]t$ 7)9 ! mean+ (   
section #ajcc7;a77 if ! taxpay] acquires
 a new pr9cipal resid5ce dur+ ! #b-ye>  
p]iod beg9n+ on ! date ( ! disposition  
or cessation ref]r$ to 9 p>agraph 7#a74 
,p>agraph 7#a7 %all apply to su* new    
pr9cipal resid5ce dur+ ! #cf-mon? p]iod 
ref]r$ to !re9 9 ! same mann] z if su*  
new pr9cipal resid5ce 7 ! conv]t$       
resid5ce4  7,c7 ,transf]s betwe5 sp\ses 
or incid5t to divorce ,9 ! case ( a     
transf] ( a resid5ce to :i* section     
#ajda7;a7 applies-- 7i7 p>agraph 7#a7   
%all n apply to su* transf]1 &  7ii7 9 !
 case ( taxable ye>s end+ aft] su*      
transf]1 p>agraph 7#a7 %all apply to !  
transf]ee 9 ! same mann] z if su*       
transf]ee 7 ! transf]or 7& %all n apply 
to ! transf]or74  7,d7 ,special rule =  
memb]s ( ! ,arm$ ,=ces1 etc  7i7 ,9     

g5]al ,9 ! case ( ! disposition ( a     
pr9cipal resid5ce by an individual 7or a
 cessation ref]r$ to 9 p>agraph 7#a77 9 
connection ) ,gov]nm5t ord]s receiv$ by 
su* individual1 or su* individual's     
sp\se1 = qualifi$ (ficial ext5d$ duty   
s]vice1 p>agraph 7#a7 %all n apply to   
su* disposition 7or cessation74  7ii7   
,qualifi$ (ficial ext5d$ duty s]vice ,= 
purposes ( ?is section1 ! t]m qualifi$  
(ficial ext5d$ duty s]vice means s]vice 
on qualifi$ (ficial ext5d$ duty z-- 7,i7
 a memb] ( ! uni=m$ s]vices1  7,,ii7 a  
memb] ( ! ,=eign ,s]vice ( ! ,unit$     
,/ates1 or  7,,iii7 an employee ( !     
intellig5ce community4  7iii7           
,def9itions ,any t]m us$ 9 ?is          
subp>agraph :i* is also us$ 9 p>agraph  
7#i7 ( section #aba7;d7 %all h ! same   
mean+ z :5 us$ 9 su* p>agraph4  7#c7    
,jo9t returns ,9 ! case ( a cr$it all[$ 
"u subsection 7a7 ) respect to a jo9t   
return1 half ( su* cr$it %all be treat$ 
z hav+ be5 all[$ to ea* individual fil+ 
su* return = purposes ( ?is subsection4 

7#d7 ,return requirem5t ,if ! tax impos$
 by ?is *apt] = ! taxable ye> is        
increas$ "u ?is subsection1 ! taxpay]   
%all1 not)/&+ section #fjab1 be requir$ 
to file a return ) respect to ! taxes   
impos$ "u ?is subtitle4  4  7e7         
,application ( cr$it ,subsection 7h7 (  
section #cf ( su* ,code is am5d$ to read
 z foll[s3  7h7 ,t]m9ation ,?is section 
%all n apply to any resid5ce pur*as$    
aft] ,decemb] #ca1 #bjaf4  4  7f7       
,assignm5t ( cr$it 9 case ( con/ruction 
,section #cf ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new subsection3  
7i7 ,cr$it may be assign$  7#a7 ,9 g5]al
 ,9 ! case ( a resid5ce con/ruct$ by !  
taxpay]1 if su* taxpay] elects !        
application ( ?is subsection = any      
taxable ye>1 any portion ( ! cr$it      
det]m9$ "u ?is section :i* is           
attributable to an increase "u          
subp>agraph 7,b7 ( subsection 7b77#a7 = 
su* ye> :i* w\ld 7b = ?is subsection7 be
 all[able to ! taxpay] may be assign$ to
 any p]son :o is an eligible designee4  

,! p]son s designat$ %all be all[$ !    
am\nt ( ! cr$it s assign$ & %all be     
treat$ z ! taxpay] ) respect to su*     
cr$it = purposes ( ?is title 7o!r ?an   
?is p>agraph71 except t su* cr$it %all  
be treat$ z a cr$it li/$ 9 section      
#ch7;b7 = su* taxable ye> 7& n all[$ "u 
subsection 7a774  7#b7 ,eligible        
designee ,= purposes ( p>agraph 7#a71 ! 
t]m eligible designee means any p]son   
:o1 ) respect to ! resid5ce1 provides or
 in/alls any improvem5ts1 special       
fixtures1 or movable facilities to :i* !
 cr$it is attributable "u subp>agraph   
7,b7 ( subsection 7b77#a74  7#c7        
,election requirem5ts ,any election "u  
p>agraph 7#a7 %all include su* in=mation
 & %all be made at su* "t1 & 9 su* =m & 
mann]1 z ! ,secret>y %all by regulation 
prescribe4  4  7g7 ,con=m+ am5dm5ts     
7#a7 ,section #ch7;b7 ( su* ,code is    
am5d$ by /rik+ plus at ! end ( p>agraph 
7#ce71 by /rik+ ! p]iod at ! end (      
p>agraph 7#cf7 & ins]t+ 1 plus1 & by    
add+ at ! end ! foll[+ new p>agraph3    

7#cg7 ! portion ( ! vet]an fir/-"t      
homebuy] cr$it assign$ to ! taxpay] to  
:i* ! second s5t5ce ( section           
#cf7;i77#a7 applies1  4  7#b7 ,! head+ =
 section #adjj;,c7e77#d7 ( su* ,code is 
am5d$ by /rik+ national fir/-"t         
homebuy]s cr$it & ins]t+ vet]an fir/-"t 
homebuy]s cr$it4  7h7 ,cl]ical am5dm5ts 
7#a7 ,! head+ = section #cf ( su* ,code 
is am5d$ to read z foll[s3  #cf4 ,vet]an
 fir/-"t homebuy] cr$it  4  7#b7 ,! item
 relat+ to section #cf 9 ! table (      
sections = subp>t ,c ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( su* ,code is   
am5d$ to read z foll[s3  ,sec4 #cf4     
,vet]an fir/-"t homebuy] cr$it4  4  7i7 
,effective date ,! am5dm5ts made by ?is 
section %all apply to resid5ces pur*as$ 
aft] ! date ( ! enactm5t ( ?is ,act4    
#c4 ,vet]an home mobility improvem5t    
cr$it  7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv
 ( sub*apt] ,a ( *apt] #a ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 be=e section #cg ! foll[+ new section3 
#cf;,c4 ,vet]an home mobility improvem5t

 cr$it  7a7 ,9 g5]al ,9 ! case ( a      
vet]an1 !re %all be all[$ z a cr$it     
aga9/ ! tax impos$ by ?is subtitle = any
 taxable ye> an am\nt equal to ! am\nt  
paid or incurr$ by ! taxpay] = qualifi$ 
adaptive h\s+ improvem5ts = ! taxable   
ye>4  7b7 ,limitation ,! cr$it all[$ "u 
subsection 7a7 %all n exce$ #h1jjj4  7c7
 ,qualifi$ adaptive h\s+ improvem5t ,=  
purposes ( ?is section1 ! t]m qualifi$  
adaptive h\s+ improvem5t means special  
fixtures or movable facilities ) respect
 to ! pr9cipal resid5ce ( ! vet]an :i*  
are made necess>y by ! nature ( !       
disability ( ! vet]an1 if su* fixtures &
 facilities are-- 7#a7 provid$ to !     
vet]an pursuant to specially adapt$ h\s+
 assi/ance "u *apt] #ag or #ba ( title  
#ch1 ,unit$ ,/ates ,code1 or  7#b7      
simil> to su* fixtures & facilities t   
w\ld be provid$ to ! vet]an if ! vet]an 
receiv$ su* assi/ance4  7d7 ,cr$it may  
be assign$  7#a7 ,9 g5]al ,if ! taxpay] 
elects ! application ( ?is subsection = 
any taxable ye>1 any portion ( ! cr$it  

"u ?is section = su* ye> :i* w\ld 7b =  
?is subsection7 be all[able to ! taxpay]
 may be assign$ to any p]son :o is an   
eligible designee4 ,! p]son s designat$ 
%all be all[$ ! am\nt ( ! cr$it s       
assign$ & %all be treat$ z ! taxpay] )  
respect to su* cr$it = purposes ( ?is   
title 7o!r ?an ?is p>agraph71 except t  
su* cr$it %all be treat$ z a cr$it li/$ 
9 section #ch7;b7 = su* taxable ye> 7& n
 all[$ "u subsection 7a774  7#b7        
,eligible designee ,= purposes (        
p>agraph 7#a71 ! t]m eligible designee  
means any p]son :o1 ) respect to !      
resid5ce1 provides or in/alls any       
qualifi$ adaptive h\s+ improvem5ts to   
:i* ! cr$it "u ?is section is           
attributable4  7#c7 ,election           
requirem5ts ,any election "u p>agraph   
7#a7 %all include su* in=mation & %all  
be made at su* "t1 & 9 su* =m & mann]1 z
 ! ,secret>y %all by regulation         
prescribe4  4  7b7 ,con=m+ am5dm5ts     
7#a7 ,section #acbd7;b77#b7 ( title #ca1
 ,unit$ ,/ates ,code1 is am5d$ by ins]t+

 #cf;,c1 aft] #cf;,b14  7#b7 ,section   
#ch7;b7 ( ! ,int]nal ,rev5ue ,code (    
#aihf1 z am5d$ by section #b1 is am5d$  
by /rik+ plus at ! end ( p>agraph 7#cf71
 by /rik+ ! p]iod at ! end ( p>agraph   
7#cg7 & ins]t+ 1 &1 & by add+ at ! end !
 foll[+ new p>agraph3  7#ch7 ! portion (
 ! vet]an home mobility improvem5t cr$it
 assign$ to ! taxpay] to :i* ! second   
s5t5ce ( section #cf;,c7d77#a7 applies4 
4  7#c7 ,! table ( sections = subp>t ,c 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ be=e ! item relat+ to section 
#cg ! foll[+ new item3  ,sec4 #cf;,c4   
,vet]an home mobility improvem5t cr$it4 
4  7c7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjac4