,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bhce  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #ag          
7legislative day1 ,septemb] #af71 #bjad 
,mr4 ,pryor introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ,f9ance  ,a ,,bill  ,to am5d !       
,int]nal ,rev5ue ,code ( #aihf to       
provide a refundable tax cr$it = c]ta9  
/orm %elt]s4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,/orm ,%elt]            
,af=dability ,act ( #bjad4  #b4 ,cr$it =
 c]ta9 /orm %elt]s  7a7 ,9 g5]al ,subp>t
 ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by ins]t+ aft] section #cf;,b !   
foll[+ new section3  #cf;,c4 ,cr$it =   
c]ta9 /orm %elt]s  7a7 ,9 g5]al ,9 !    
case ( an individual1 !re %all be all[$ 
z a cr$it aga9/ ! tax impos$ by ?is     
subtitle = any taxable ye> an am\nt     
equal to ! /orm %elt] cr$it am\nt4  7b7 
,/orm %elt] cr$it am\nt ,= purposes (   
?is section1 ! /orm %elt] cr$it am\nt is
 an am\nt equal to ! less] (-- 7#a7 #ej 

p]c5t ( ! qualifi$ /orm %elt] co/s paid 
or incurr$ by ! individual1 or  7#b7    
#a1jjj4  7c7 ,qualifi$ /orm %elt] co/s  
,= purposes ( ?is section-- 7#a7 ,9     
g5]al ,! t]m qualifi$ /orm %elt] co/s   
means co/s = ! con/ruction ( a qualifi$ 
/orm %elt] t is plac$ 9 s]vice dur+ !   
taxable ye> 91 or on prop]ty adjac5t to1
 a dwell+ unit own$ by ! individual4    
7#b7 ,qualifi$ /orm %elt] ,! t]m        
qualifi$ /orm %elt] means a %elt] )     
respect to :i*-- 7,a7 ! taxpay] receives
 a ,/ate income tax d$uction or rebate  
"u a ,/ate program to enc\rage !        
con/ruction ( /orm %elt]s1 &  7,b7 !    
taxpay] atta*es to ! return ( tax pro( (
 approval ( ! complet$ %elt] by !       
relevant ,/ate ag5cy4  7#c7 ,limitation 
,no am\nt %all be treat$ z qualifi$ /orm
 %elt] co/s = any taxable ye> ) respect 
to an individual to :om a cr$it "u ?is  
section has be5 all[$ 9 any o!r taxable 
ye>4  7d7 ,t]m9ation ,subsection 7a7    
%all n apply to qualifi$ /orm %elt]s    
plac$ 9 s]vice 9 taxable ye>s beg9n+    

aft] ,decemb] #ca1 #bjag4  4  7b7       
,con=m+ am5dm5t ,p>agraph 7#b7 ( section
 #acbd7;b7 ( title #ca1 ,unit$ ,/ates   
,code1 is am5d$ by ins]t+ 1 #cf;,c aft] 
#cf;,b4  7c7 ,cl]ical am5dm5t ,! table (
 sections = subp>t ,c ( "p ,,iv (       
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #cf;,b ! 
foll[+ new item3  ,sec4 #cf;,c4 ,cr$it =
 c]ta9 /orm %elt]s4  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to prop]ty plac$ 9 s]vice    
aft] ,decemb] #ca1 #bjad4