,,ii #aad? ,,congress #b;d ,session ,s4 #bifb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #ai1 #bjaf ,ms4 ,cantwell 7= h]self1 ,mr4 ,hat*1 ,mr4 ,s*um]1 & ,mr4 ,wyd57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to re=m ! l[-income h\s+ cr$it1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,af=dable ,h\s+ ,cr$it ,improvem5t ,act ( #bjaf4 #b4 ,increases 9 ,/ate allocations 7a7 ,phase-,9 ( increases 7#a7 ,9 g5]al ,clause 7ii7 ( section #db7;h77#c77;,c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 by /rik+ #a4ge 9 subclause 7,i7 & ins]t+ ! p] capita doll> am\nt1 & 7,b7 by /rik+ #b1jjj1jjj 9 subclause 7,,ii7 & ins]t+ ! m9imum ceil+ am\nt4 7#b7 ,p] capita doll> am\nt2 m9imum ceil+ am\nt ,subp>agraph 7,i7 ( section #db7;h77#c7 ( su* ,code is am5d$ to read z foll[s3 7,i7 ,p] capita doll> am\nt2 m9imum ceil+ am\nt ,= purposes ( ?is p>agraph-- 7i7 ,p] capita doll> am\nt ,! p] capita doll> am\nt is-- 7,i7 = cal5d> ye> #bjaf1 #b4ce1 7,,ii7 = cal5d> ye> #bjag1 #b4ei1 7,,iii7 = cal5d> ye> #bjah1 #b4hb1 7,,iv7 = cal5d> ye> #bjai1 #c4jf1 7,v7 = cal5d> ye> #bjbj1 #c4bi1 & 7,,vi7 #c4ec !reaft]4 7ii7 ,m9imum ceil+ am\nt ,! m9imum ceil+ am\nt is-- 7,i7 = cal5d> ye> #bjaf1 #b1fij1jjj1 7,,ii7 = cal5d> ye> #bjag1 #b1iei1jjj1 7,,iii7 = cal5d> ye> #bjah1 #c1bbh1jjj1 7,,iv7 = cal5d> ye> #bjai1 #c1dig1jjj1 7,v7 = cal5d> ye> #bjbj1 #c1gff1jjj1 & 7,,vi7 #d1jce1jjj !reaft]4 4 7#c7 ,modification ( co/-(-liv+ adju/m5t ,subp>agraph 7,h7 ( section #db7;h77#c7 ( su* ,code is am5d$-- 7,a7 by /rik+ #bjjb 9 clause 7i7 & ins]t+ #bjaf1 7,b7 by /rik+ ! #b1jjj1jjj & #a4ge am\nts 9 subp>agraph 7,c7 9 clause 7i7 & ins]t+ ! doll> am\nts applicable to su* cal5d> ye> "u clauses 7i7 & 7ii7 ( subp>agraph 7,i71 7,c7 by /rik+ #bjja 9 clause 7i77,,ii7 & ins]t+ #bjae1 7,d7 by /rik+ #b1jjj1jjj 9 clause 7ii77,i7 & ins]t+ m9imum ceil+1 & 7,e7 by /rik+ #a4ge 9 clause 7ii77,,ii7 & ins]t+ p] capita doll>4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to cal5d> ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4 7b7 ,p]man5t increases 7#a7 ,9 g5]al ,clause 7ii7 ( section #db7;h77#c77;,c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z am5d$ by subsection 7a77#a71 is am5d$-- 7,a7 by /rik+ ! p] capita doll> am\nt 9 subclause 7,i7 & ins]t+ #c4ec1 & 7,b7 by /rik+ ! m9imum ceil+ am\nt 9 subclause 7,,ii7 & ins]t+ #d1jce1jjj4 7#b7 ,con=m+ am5dm5t ,p>agraph 7#c7 ( section #db7;h7 ( su* ,code is am5d$ by /rik+ subp>agraph 7,i71 z am5d$ by subsection 7a77#b74 7#c7 ,co/-(-liv+ adju/m5t ,subp>agraph 7,h7 ( section #db7;h77#c7 ( su* ,code1 z am5d$ by subsection 7a77#c71 is am5d$-- 7,a7 by /rik+ ! doll> am\nts applicable to su* cal5d> ye> "u clauses 7i7 & 7ii7 ( subp>agraph 7,i7 9 clause 7i7 & ins]t+ ! #d1jce1jjj & #c4ec am\nts 9 subp>agraph 7,c71 7,b7 by /rik+ m9imum ceil+ 9 clause 7ii77,i7 & ins]t+ #d1jce1jjj1 & 7,c7 by /rik+ p] capita doll> 9 clause 7ii77,,ii7 & ins]t+ #c4ec4 7#d7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to cal5d> ye>s beg9n+ aft] ,decemb] #ca1 #bjba4 #c4 ,av]age income te/ 7a7 ,9 g5]al ,p>agraph 7#a7 ( section #db7;g7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ subp>agraph 7,a7 or 7,b7 & ins]t+ subp>agraph 7,a71 7,b71 or 7,c71 & 7#b7 by ins]t+ aft] subp>agraph 7,b7 ! foll[+ new subp>agraph3 7,c7 ,av]age income te/ 7i7 ,9 g5]al ,! project meets ! m9imum requirem5ts ( ?is subp>agraph if #dj p]c5t or m 7#be p]c5t or m 9 ! case ( a project describ$ 9 section #adb7;d77#f77 ( ! resid5tial units 9 su* project are bo? r5t-re/rict$ & occupi$ by individuals ^: income does n exce$ ! imput$ income limitation designat$ by ! taxpay] ) respect to ! respective unit4 7ii7 ,special rules relat+ to income limitation ,= purposes ( clause 7i7-- 7,i7 ,designation ,! taxpay] %all designate ! imput$ income limitation ( ea* unit tak5 into acc\nt "u su* clause4 7,,ii7 ,av]age te/ ,! av]age ( ! imput$ income limitations designat$ "u subclause 7,i7 %all n exce$ #fj p]c5t ( area m$ian gross income4 7,,iii7 #aj-p]c5t increm5ts ,! designat$ imput$ income limitation ( any unit "u subclause 7,i7 %all be #bj p]c5t1 #cj p]c5t1 #dj p]c5t1 #ej p]c5t1 #fj p]c5t1 #gj p]c5t1 or #hj p]c5t ( area m$ian gross income4 4 7b7 ,con=m+ am5dm5ts ,subp>agraph 7,c7 ( section #db7;g77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by r$esignat+ clauses 7i7 & 7ii7 z subclauses 7,i7 & 7,,ii71 respectively1 & by mov+ su* subclauses #b ems to ! "r1 7#b7 by mov+ ! flu% language #b ems to ! "r1 7#c7 by /rik+ ,= purposes ( ?is p>agraph1 ! & ins]t+ 8,= purposes ( ?is p>agraph-- 7i7 ,g5]al rule ,except z provid$ 9 clause 7ii71 ! 1 & 7#d7 by add+ at ! end ! foll[+ new clause3 7ii7 ,special rule = av]age income te/ ,9 ! case ( a project ) respect to :i* ! taxpay] elects ! requirem5ts ( subp>agraph 7,c7 ( p>agraph 7#a71 ! imput$ income limitation applicable to a unit is ! imput$ income limitation designat$ ) respect to su* unit "u p>agraph 7#a77;,c77ii77,i74 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to elections made "u section #db7;g77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf aft] ! date ( ! enactm5t ( ?is ,act4 #d4 ,m9imum cr$it rate 7a7 ,9 g5]al ,subsection 7b7 ( section #db ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by r$esignat+ p>agraph 7#c7 z p>agraph 7#d71 & 7#b7 by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 ,m9imum cr$it rate ,9 ! case ( any new or exi/+ build+ to :i* p>agraph 7#b7 does n apply & :i* is plac$ 9 s]vice by ! taxpay] aft] ,decemb] #ca1 #bjae1 ! applicable p]c5tage %all n be less ?an #d p]c5t4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to build+s plac$ 9 s]vice aft] ,decemb] #ca1 #bjae4