,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #gcea ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #be1 #bjbj,mr4 ,gomez 7= himself1 ,mr4 ,panetta1 ,ms4 ,sn*ez1 ,mr4 ,?ompson ( ,cali=nia1 & ,ms4 ,judy ,*u ( ,cali=nia7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to provide a cr$it = l[-income h\s+ supportive s]vices4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,opportunity ,/>ts ,at ,home ,act4 #b4 ,cr$it = l[-income h\s+ supportive s]vices 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #db ! foll[+ new section3 #db;,a4 ,cr$it = contributions to l[-income h\s+ supportive s]vices 7a7 ,9 g5]al ,= purposes ( section #ch1 ! am\nt ( ! l[-income h\s+ supportive s]vices cr$it det]m9$ "u ?is section = ! applicable taxable ye> is an am\nt equal to #be p]c5t ( ! qualifi$ supportive h\s+ contribution made by ! taxpay]4 7b7 ,qualifi$ supportive h\s+ contribution ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m qualifi$ supportive h\s+ contribution means ! total am\nt contribut$ 9 ca% by ! taxpay] to a qualifi$ supportive h\s+ res]ve fund ) respect to a qualifi$ l[-income build+1 det]m9$ z ( ! date ! build+ is plac$ 9 s]vice4 7#b7 ,qualifi$ supportive h\s+ res]ve fund ,! t]m qualifi$ supportive h\s+ res]ve fund means1 ) respect to any qualifi$ l[-income build+1 a sep>ate fund res]v$ exclusively = paym5t = qualifi$ supportive s]vices provid$ to t5ants ( ! build+ pursuant to an ext5d$ supportive s]vices commitm5t4 ,! own] ( su* build+ %all designate an adm9i/rator to sep>ately acc\nt = ! am\nts 9 ! fund 9 su* mann] z ! ,secret>y may prescribe4 7#c7 ,limitations 7,a7 ,9 g5]al ,no am\nt attributable to any gov]nm5tal grant1 includ+ grants provid$ by ! gov]nm5t ( any ,/ate1 possession1 tribe1 or locality1 %all be tak5 into acc\nt "u p>agraph 7#a74 7,b7 ,doll> limitation ,! total qualifi$ supportive h\s+ contributions tak5 into acc\nt "u ?is section ) respect to any qualifi$ l[-income build+ %all n exce$-- 7i7 #abj1jjj1 multipli$ by 7ii7 ! numb] ( l[-income units 9 ! build+ :i* are occupi$ at ! close ( ! applicable taxable ye>4 7c7 ,applicable taxable ye> ,= purposes ( ?is section1 ! t]m applicable taxable ye> means ! #a/ taxable ye> 9 ! cr$it p]iod ) respect to ! qualifi$ l[-income build+ describ$ 9 subsection 7b77#a74 7d7 ,qualifi$ supportive s]vices ,= purposes ( ?is section1 ! t]m qualifi$ supportive s]vices means s]vices-- 7#a7 provid$ by ! own] ( a qualifi$ l[-income build+ 7directly or ?r\gh contracts ) a ?ird-p>ty s]vice provid]7 to t5ants ( ! build+1 7#b7 :i* include heal? s]vices 7includ+ m5tal heal? s]vices71 coord9ation ( t5ant b5efits1 job tra9+1 f9ancial c\nsel+1 resid5t engagem5t s]vices1 or s]vices ! pr9cipal purpose ( :i* is to help t5ants reta9 p]man5t h\s+1 or su* o!r s]vices z ! ,secret>y may by regulation provide1 7#c7 :i* are provid$ at no co/ to t5ants1 & 7#d7 usage ( or p>ticipation 9 :i* is n requir$ = t5ants4 ,su* t]m includes reasonable & necess>y measures = ! provision ( su* s]vices1 includ+ measures to engage t5ants 9 & coord9ate su* s]vices & measures requir$ to obta9 ! c]tification describ$ 9 subsection 7e77#d74 7e7 ,ext5d$ supportive s]vices commitm5t ,! t]m ext5d$ supportive s]vices commitm5t means any agreem5t betwe5 ! own] ( a qualifi$ l[-income build+ & ! h\s+ cr$it ag5cy :i*-- 7#a7 requires t am\nts 9 a qualifi$ supportive h\s+ res]ve fund are sp5t exclusively on ! provision ( qualifi$ supportive s]vices to t5ants ( su* build+1 7#b7 requires t ! am\nts 9 su* fund be sp5t entirely dur+ ! ext5d$ use p]iod1 & provides = ! mann] 9 :i* su* sp5d+ w be di/ribut$ across su* p]iod1 7#c7 requires ! designation ( #a or m individuals to engage t5ants reg>d+ & coord9ate deliv]y ( qualifi$ supportive s]vices1 7#d7 requires ! ma9t5ance ( an appropriate c]tification1 z det]m9$ by ! ,secret>y aft] consultation ) h\s+ cr$it ag5cies1 = qualifi$ supportive s]vices1 subject to rec]tification at lea/ once e #e ye>s1 7#e7 requires appropriate annual report+ to ! h\s+ cr$it ag5cy on exp5ditures & outcomes1 z det]m9$ by su* ag5cy1 & 7#f7 is b9d+ on all successors 9 own]%ip ( su* build+4 7f7 ,recapture ( qualifi$ supportive h\s+ res]ve am\nts 7#a7 ,9 g5]al ,if ! own] ( a qualifi$ l[-income build+ is det]m9$ to be noncompliant ) ! ext5d$ supportive s]vices commitm5t or ext5d$ l[-income h\s+ commitm5t ) respect to su* build+1 any rema9+ am\nts 9 ! qualifi$ supportive h\s+ res]ve fund ) respect to su* build+ %all be transf]r$ to ! h\s+ cr$it ag5cy4 7#b7 ,use ( repaym5ts ,a h\s+ cr$it ag5cy %all use any am\nt receiv$ pursuant to p>agraph 7#a7 only = purposes ( qualifi$ l[-income build+s4 7g7 ,special rules 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( ?is section1 no cr$it %all be all[$ "u ?is section = any taxable ye> ) respect to any qualifi$ l[-income build+ unless-- 7,a7 ! build+ has receiv$ an allocation ( ! l[-income h\s+ cr$it "u section #db by a h\s+ cr$it ag5cy :i* is approv$ by ! gov]nm5tal unit 79 accordance ) rules simil> to ! rules ( section #adg7;f77#b7 7o!r ?an subp>agraph 7,b77ii7 !re(77 ( :i* su* ag5cy is a "p1 7,b7 ! h\s+ cr$it ag5cy sets =? selection crit]ia to det]m9e appropriate1 evid5ce-bas$ supportive s]vices & provides a proc$ure t ! ag5cy 7or an ag5t or o!r private contractor ( su* ag5cy7 w foll[ 9 monitor+ = noncompliance ) ! provisions ( ?is section & 9 report+ su* noncompliance to ! ,secret>y1 7,c7 an ext5d$ l[-income h\s+ commitm5t is 9 effect ) respect to su* build+ z ( ! end ( su* taxable ye>1 7,d7 an ext5d$ supportive s]vices commitm5t is 9 effect ) respect to su* build+ z ( ! end ( su* taxable ye>1 & 7,e7 appropriate books & records = itemiz$ exp5ses & exp5ditures ) respect to ! qualifi$ supportive h\s+ res]ve fund are ma9ta9$ on an annual basis1 & are available = inspection ^u reque/ by ! h\s+ cr$it ag5cy4 7#b7 ,d5ial ( d\ble b5efit ,! d$uctions o!rwise all[$ "u ?is *apt] = ! taxable ye> %all be r$uc$ by ! am\nt ( ! cr$it all[$ "u ?is section = su* taxable ye>4 7h7 ,def9itions ,any t]m us$ 9 ?is section :i* is also us$ 9 section #db %all h ! same mean+ z :5 us$ 9 su* section4 4 7b7 ,cr$it ,to be "p ( g5]al bus9ess cr$it 7#a7 ,9 g5]al ,section #ch7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ plus at ! end ( p>agraph 7#cb71 by /rik+ ! p]iod at ! end ( p>agraph 7#cc7 & ins]t+ 1 plus1 & by add+ at ! end ! foll[+ new p>agraph3 7#cd7 ! l[-income h\s+ supportive s]vices cr$it det]m9$ "u section #db;,a7a74 4 7#b7 ,treatm5t z specifi$ cr$it ,clause 7iii7 ( section #ch7;c77#d77;,b7 ( su* ,code is am5d$ by ins]t+ 1 & ! cr$it det]m9$ "u section #db;,a aft] #bjjg4 7c7 ,treatm5t = purposes ( tax on base erosion paym5ts ,p>agraph 7#d7 ( section #ei;,a7b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by r$esignat+ subp>agraphs 7,b7 & 7,c7 z subp>agraphs 7,c7 & 7,d71 respectively1 & by ins]t+ aft] subp>agraph 7,a7 ! foll[+ new subp>agraph3 7,b7 ! l[-income h\s+ supportive s]vices cr$it det]m9$ "u section #db;,a7a71 4 7d7 ,passive activity cr$its 7#a7 ,9 g5]al ,section #dfi ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #db ea* place x appe>s 9 subsections 7i77#c77;,c71 7i77#f77;,b77i71 & 7k77#a7 & ins]t+ #db or #db;,a4 7#b7 ,con=m+ am5dm5ts ,! head+s ( subsections 7i77#c77;,c7 & 7i77#f77;,b7 ( section #dfi ( su* ,code are ea* am5d$ by /rik+ cr$it & ins]t+ cr$its4 7e7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] ! item relat+ to section #db ! foll[+ new item3 ,sec4 #db;,a4 ,cr$it = contributions to l[-income h\s+ supportive s]vices4 4 7f7 ,effective date ,! am5dm5ts made by ?is section %all apply to build+s plac$ 9 s]vice aft] ,decemb] #ca1 #bjbj4