,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #djgc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #be1 #bjbj,mr4   
,c>d9 7= himself1 ,mr4 ,portman1 ,mr4   
,coons1 ,mr4 ,"y1 ,mr4 ,br[n1 & ,mr4    
,scott ( ,s\? ,c>ol9a7 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to all[ a cr$it aga9/ tax =       
neighborhood revitalization1 & = o!r    
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,neighborhood ,homes       
,inve/m5t ,act4  #b4 ,neighborhood homes
 cr$it  7a7 ,9 g5]al ,subp>t ,d ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #db ! foll[+ new 
section3  #db;,a4 ,neighborhood homes   
cr$it  7a7 ,all[ance ( cr$it ,= purposes
 ( section #ch1 ! am\nt ( ! neighborhood
 homes cr$it det]m9$ "u ?is section = a 
taxable ye> = a qualifi$ project %all   
be1 ) respect to ea* qualifi$ resid5ce t
 is "p ( su* qualifi$ project & t       

exp]i5ces a qualifi$ completion ev5t    
dur+ su* taxable ye>1 an am\nt equal    
to-- 7#a7 9 ! case ( an af=dable sale1 )
 respect to ! sell]1 ! excess (-- 7,a7 !
 qualifi$ developm5t co/ incurr$ by su* 
sell] = su* qualifi$ resid5ce1 ov]  7,b7
 ! sale price ( su* qualifi$ resid5ce1  
or  7#b7 9 ! case ( any o!r qualifi$    
completion ev5t1 ) respect to a taxpay] 
o!r ?an ! own] ( ! qualifi$ resid5ce 7or
 a relat$ p]son ) respect to su* own]71 
! excess (-- 7,a7 ! developm5t co/      
incurr$ by su* taxpay] = su* qualifi$   
resid5ce1 ov]  7,b7 ! am\nt receiv$ by  
su* taxpay] z paym5t = su*              
rehabilitation4  7b7 ,limitations  7#a7 
,am\nt ,! am\nt det]m9$ "u subsection   
7a7 ) respect to a qualifi$ resid5ce    
%all n exce$ #ce p]c5t ( ! less] (--    
7,a7 ! qualifi$ developm5t co/1 or  7,b7
 #hj p]c5t ( ! national m$ian sale price
 = new homes 7z det]m9$ pursuant to !   
mo/ rec5t c5sus data available z ( !    
date on :i* ! neighborhood homes cr$it  
ag5cy makes an allocation = ! qualifi$  

project74  7#b7 ,allocations  7,a7 ,9   
g5]al ,! am\nt det]m9$ "u subsection 7a7
 ) respect to a qualifi$ resid5ce t is  
"p ( a qualifi$ project & t exp]i5ces a 
qualifi$ completion ev5t %all n exce$ ! 
excess (-- 7i7 ! am\nt det]m9$ "u       
subp>agraph 7,b71 ov]  7ii7 ! am\nts    
previ\sly det]m9$ "u subsection 7a7 )   
respect to su* qualifi$ project4  7,b7  
,allocation am\nt ,! am\nt det]m9$ "u   
?is p>agraph ) respect to a qualifi$    
resid5ce t is "p ( a qualifi$ project & 
t exp]i5ces a qualifi$ completion ev5t  
is ! lea/ (-- 7i7 ! am\nt allocat$ to   
su* project by ! neighborhood homes     
cr$it ag5cy "u ?is section1  7ii7       
pursuant to subp>agraph 7,c71 ! am\nt   
su* ag5cy det]m9es at ! "t ( ! qualifi$ 
completion ev5t is necess>y to ensure ! 
f9ancial feasibility ( ! project1 or    
7iii7 9 ! case ( a qualifi$ completion  
ev5t t occurs aft] ! #e-ye> p]iod beg9n+
 on ! date ( ! allocation ref]r$ to 9   
clause 7i71 #j4  7,c7 ,f9ancial         
feasability ,= purposes ( subp>agraph   

7,b77ii71 ! neighborhood homes cr$it    
ag5cy %all consid]-- 7i7 ! s\rces & uses
 ( funds & ! total f9anc+ plann$ = !    
qualifi$ project1  7ii7 any proce$s or  
receipts expect$ to be g5]at$ by reason 
( tax b5efits1  7iii7 ! p]c5tage ( !    
am\nt allocat$ to su* project "u ?is    
section us$ = project co/s o!r ?an ! co/
 ( int]m$i>ies1 &  7iv7 ! reasonabl5ess 
( ! developm5tal co/s & fees ( !        
qualifi$ project4  7c7 ,qualifi$        
developm5t co/ ,= purposes ( ?is        
section-- 7#a7 ,9 g5]al ,! t]m qualifi$ 
developm5t co/ means1 ) respect to a    
qualifi$ resid5ce1 s mu* ( ! all[able   
developm5t co/ z ! neighborhood homes   
cr$it ag5cy c]tifies1 at ! "t ( !       
completion ev5t1 meets ! /&>ds          
promulgat$ "u subsection 7h77#a77;,c74  
7#b7 ,all[able developm5t co/ ,! t]m    
all[able developm5t co/ means-- 7,a7 !  
co/ ( con/ruction1 sub/antial           
rehabilitation1 demolition ( any        
/ructure1 & environm5tal rem$iation1 &  
7,b7 9 ! case ( an af=dable sale1 s mu* 

( ! co/ ( acquir+ build+s & l& z does n 
exce$ an am\nt equal to #ge p]c5t ( !   
co/s describ$ 9 subp>agraph 7,a74  7#c7 
,condom9ium & coop]ative h\s+ units ,9 !
 case ( a qualifi$ resid5ce describ$ 9  
subp>agraph 7,b7 or 7,c7 ( subsection   
7f77#a71 ! all[able developm5t co/ ( su*
 qualifi$ resid5ce %all be an am\nt     
equal to ! total all[able developm5t co/
 ( ! entire condom9ium or coop]ative    
h\s+ prop]ty 9 :i* su* qualifi$ resid5ce
 is locat$1 multipli$ by a fraction--   
7,a7 ! num]ator ( :i* is ! total floor  
space ( su* qualifi$ resid5ce1 &  7,b7 !
 d5om9ator ( :i* is ! total floor space 
( all resid5ces )9 su* prop]ty4  7d7    
,qualifi$ project ,= purposes ( ?is     
section1 ! t]m qualifi$ project means a 
project t-- 7#a7 a neighborhood homes   
cr$it ag5cy c]tifies w build or         
sub/antially rehabilitate #a or m       
qualifi$ resid5ces locat$ 9 "o or m     
qualifi$ c5sus tracts1 &  7#b7 is       
designat$ by su* ag5cy z a qualifi$     
project "u ?is section & is allocat$    

7be=e su* build+ or sub/antial          
rehabilitation beg9s7 a portion ( !     
am\nt allocat$ to su* ag5cy "u          
subsection 7g74  7e7 ,qualifi$ c5sus    
tract ,= purposes ( ?is section-- 7#a7  
,9 g5]al ,! t]m qualifi$ c5sus tract    
means a c5sus tract-- 7,a7 )-- 7i7 a    
m$ian gross income :i* does n exce$ #hj 
p]c5t ( ! applicable area m$ian gross   
income1  7ii7 a pov]ty rate t is n less 
?an #acj p]c5t ( ! applicable area      
pov]ty rate1 &  7iii7 a m$ian value =   
own]-occupi$ homes t does n exce$       
applicable area m$ian value =           
own]-occupi$ homes1  7,b7 :i* is locat$ 
9 a city ) a population ( n less ?an    
#ej1jjj & a pov]ty rate t is n less ?an 
#aej p]c5t ( ! applicable area pov]ty   
rate1 & :i* has-- 7i7 a m$ian gross     
income :i* does n exce$ ! applicable    
area m$ian gross income1 &  7ii7 a m$ian
 value = own]-occupi$ homes t does n    
exce$ #hj p]c5t ( ! applicable area     
m$ian value = own]-occupi$ homes1 or    
7,c7 :i* is locat$ 9 a nonmetropolitan  

c\nty & :i* has-- 7i7 a m$ian gross     
income :i* does n exce$ ! applicable    
area m$ian gross income1 &  7ii7 be5    
designat$ by a neighborhood homes cr$it 
ag5cy "u ?is clause4  7#b7 ,additional  
c5sus tracts = sub/antial rehabilitation
 ,9 ! case ( a qualifi$ resid5ce t is   
int5d$ = sub/antial rehabilitation      
describ$ 9 subsection 7f77#e77;,b71 !   
t]m qualifi$ c5sus tract includes a     
c5sus tract t meets ! requirem5ts (     
p>agraph 7#a77;,a71 )\t reg>d to clause 
7iii71 & t is designat$ by !            
neighborhood homes cr$it ag5cy "u ?is   
p>agraph4  7#c7 ,li/ ( qualifi$ c5sus   
tracts ,! ,secret>y ( ,h\s+ & ,urban    
,developm5t %all1 = ea* ye>1 make       
publicly available a li/ ( qualifi$     
c5sus tracts "u-- 7,a7 on a comb9$      
basis1 subp>agraphs 7,a7 & 7,b7 (       
p>agraph 7#a71  7,b7 subp>agraph 7,c7 ( 
su* p>agraph1 &  7,c7 p>agraph 7#b74    
7f7 ,o!r def9itions ,= purposes ( ?is   
section-- 7#a7 ,qualifi$ resid5ce ,! t]m
 qualifi$ resid5ce means a resid5ce t   

consi/s (-- 7,a7 a s+le-family home     
conta9+ #d or few] resid5tial units1    
7,b7 a condom9ium unit1 or  7,c7 a h\se 
or an ap>tm5t own$ by a coop]ative h\s+ 
corporation 7z def9$ 9 section          
#baf7;b774  7#b7 ,af=dable sale  7,a7 ,9
 g5]al  7i7 ,9 g5]al ,! t]m af=dable    
sale means a sale to a qualifi$ home[n] 
( a qualifi$ resid5ce t ! neighborhood  
homes cr$it ag5cy c]tifies z meet+ !    
/&>ds promulgat$ "u subsection          
7h77#a77;,d7 = a price t does n exce$-- 
7,i7 9 ! case ( any qualifi$ resid5ce n 
describ$ 9 subclause 7,,ii71 7,,iii71 or
 7,,iv71 ! am\nt equal to ! product ( #d
 multipli$ by ! applicable area m$ian   
gross income1  7,,ii7 9 ! case ( a      
s+le-family home conta9+ two resid5tial 
units1 #abe p]c5t ( ! am\nt describ$ 9  
subclause 7,i71  7,,iii7 9 ! case ( a   
s+le-family home conta9+ ?ree resid5tial
 units1 #aej p]c5t ( ! am\nt describ$ 9 
subclause 7,i71 or  7,,iv7 9 ! case ( a 
s+le-family home conta9+ f\r resid5tial 
units1 #age p]c5t ( ! am\nt describ$ 9  

subclause 7,i74  7ii7 ,relat$ p]sons    
7,i7 ,9 g5]al ,a sale betwe5 relat$     
p]sons %all n be treat$ z an af=dable   
sale4  7,,ii7 ,def9ition ,= purposes (  
?is section1 a p]son 79 ?is clause      
ref]r$ to z ! relat$ p]son7 is relat$ to
 any p]son if ! relat$ p]son be>s a     
relation%ip to su* p]son specifi$ 9     
section #bfg7;b7 or #gjg7;b77#a71 or !  
relat$ p]son & su* p]son are engag$ 9   
trades or bus9esses "u common control   
7)9 ! mean+ ( subsections 7a7 & 7b7 (   
section #eb74 ,= purposes ( ! prec$+    
s5t5ce1 9 apply+ section #bfg7;b7 or    
#gjg7;b77#a71 #aj p]c5t %all be         
sub/itut$ = #ej p]c5t4  7#c7 ,applicable
 area ,! t]m applicable area means--    
7,a7 9 ! case ( a metropolitan c5sus    
tract1 ! metropolitan area 9 :i* su*    
c5sus tract is locat$1 &  7,b7 9 ! case 
( a c5sus tract o!r ?an a c5sus tract   
describ$ 9 subp>agraph 7,a71 ! ,/ate4   
7#d7 ,sub/antial rehabilitation ,! t]m  
sub/antial rehabilitation means         
rehabilitation ef=ts involv+ qualifi$   

developm5t co/s t are n less ?an !      
great] (-- 7,a7 #bj1jjj1 or  7,b7 #bj   
p]c5t ( ! co/ ( acquir+ build+s & l&4   
7#e7 ,qualifi$ completion ev5t ,! t]m   
qualifi$ completion ev5t means-- 7,a7 9 
! case ( a qualifi$ resid5ce t is built 
or sub/antially rehabilitat$ z "p ( a   
qualifi$ project & sold1 an af=dable    
sale1 or  7,b7 9 ! case ( a qualifi$    
resid5ce t is sub/antially rehabilitat$ 
z "p ( a qualifi$ project & own$ by !   
same qualifi$ home[n] ?r\gh\t su*       
rehabilitation1 ! completion ( su*      
rehabilitation 7z det]m9$ by !          
neighborhood homes cr$it ag5cy7 to !    
/&>ds promulgat$ "u subsection          
7h77#a77;,d74  7#f7 ,qualifi$ home[n]   
7,a7 ,9 g5]al ,! t]m qualifi$ home[n]   
means1 ) respect to a qualifi$ resid5ce1
 an individual-- 7i7 :o owns & uses su* 
qualifi$ resid5ce z ! pr9cipal resid5ce 
( su* individual1 &  7ii7 ^: income is  
#adj p]c5t or less ( ! applicable area  
m$ian gross income = ! location ( !     
qualifi$ resid5ce4  7,b7 ,own]%ip ,=    

purposes ( a coop]ative h\s+ corporation
 7z su* t]m is def9$ 9 section          
#baf7;b771 a t5ant-/ockhold] %all be    
treat$ z own+ ! h\se or ap>tm5t :i* su* 
p]son is entitl$ to occupy4  7,c7       
,income ,= purposes ( ?is p>agraph1     
income %all be a det]m9$ 9 accordance ) 
section #adc7;f77#b7 & #adc7;f77#d74    
7,d7 ,tim+ ,= purposes ( ?is p>agraph1 !
 income ( a taxpay] %all be det]m9$--   
7i7 9 ! case ( a qualifi$ resid5ce t is 
built or sub/antially rehabilitat$ z "p 
( a qualifi$ project & sold1 at ! "t a  
b9d+ contract = pur*ase is made1 or     
7ii7 9 ! case ( a qualifi$ resid5ce t is
 occupi$ by a qualifi$ home[n] & int5d$ 
to be sub/antially rehabilitat$ z "p ( a
 qualifi$ project1 at ! "t a b9d+       
contract to und]take su* rehabilitation 
is made4  7#g7 ,neighborhood homes cr$it
 ag5cy ,! t]m neighborhood homes cr$it  
ag5cy means ! ag5cy designat$ by !      
gov]nor ( a ,/ate z ! neighborhood homes
 cr$it ag5cy ( ! ,/ate4  7g7 ,allocation
  7#a7 ,/ate neighborhood homes cr$it   

ceil+ ,! ,/ate neighborhood homes cr$it 
am\nt = a ,/ate = a cal5d> ye> is an    
am\nt equal to ! great] (-- 7,a7 !      
product ( #f1 multipli$ by ! ,/ate      
population 7det]m9$ 9 accordance )      
section #adf7;j771 or  7,b7 #h1jjj1jjj4 
7#b7 ,unus$ am\nt ,! ,/ate neighborhood 
homes cr$it am\nt = a cal5d> ye> %all be
 increas$ by ! sum (-- 7,a7 any am\nt   
c]tifi$ by ! neighborhood homes cr$it   
ag5cy ( ! ,/ate z hav+ be5 previ\sly    
allocat$ to a qualifi$ project & n us$  
dur+ ! #e-ye> p]iod describ$ 9          
subsection 7b77#b77;,b77iii71 plus  7,b7
 sum ( ! am\nt by :i* ! am\nt det]m9$ "u
 p>agraph 7#a7 7)\t application ( ?is   
p>agraph7 exce$$ ! am\nt allocat$ to    
qualifi$ projects 9 ea* ( ! ?ree        
imm$iately prec$+ cal5d> ye>s4  7#c7    
,portion ( /ate cr$it ceil+ = c]ta9     
projects involv+ qualifi$ nonpr(it      
organizations ,rules simil> to ! rules (
 section #db7;h77#e7 %all apply4  7h7   
,responsibilities ( neighborhood homes  
cr$it ag5cies  7#a7 ,9 g5]al ,not)/&+   

subsection 7g71 ! ,/ate neighborhood    
homes cr$it doll> am\nt %all be z]o = a 
cal5d> ye> unless ! neighborhood homes  
cr$it ag5cy ( ! ,/ate-- 7,a7 allocates  
su* am\nt pursuant to a qualifi$        
allocation plan ( ! neighborhood homes  
cr$it ag5cy1  7,b7 allocates n m ?an #bj
 p]c5t ( su* am\nt = ! previ\s ye> to   
projects ) respect to qualifi$ resid5ces
 9 c5sus tracts "u subsection           
7e77#a77;,c7 or 7e77#b71  7,c7          
promulgates /&>ds ) respect to          
reasonable qualifi$ developm5t co/s &   
fees1  7,d7 promulgates /&>ds ) respect 
to con/ruction quality1 &  7,e7 submits 
to ! ,secret>y 7at su* "t & 9 su* mann] 
z ! ,secret>y may prescribe7 an annual  
report specify+-- 7i7 ! am\nt ( !       
neighborhood homes cr$its allocat$ to   
ea* qualifi$ project = ! previ\s ye>1   
7ii7 ) respect to ea* qualifi$ resid5ce 
complet$ 9 ! prec$+ cal5d> ye>-- 7,i7 ! 
c5sus tract 9 :i* su* qualifi$ resid5ce 
is locat$1  7,,ii7 ) respect to !       
qualifi$ project t includes su* qualifi$

 resid5ce1 ! ye> 9 :i* su* project      
receiv$ an allocation "u ?is section1   
7,,iii7 :e!r su* qualifi$ resid5ce 0 new
 or sub/antially rehabilitat$1  7,,iv7 !
 eligible basis ( su* qualifi$ resid5ce1
  7,v7 ! am\nt ( ! neighborhood homes   
cr$it ) respect to su* qualifi$         
resid5ce1  7,,vi7 ! sales price ( su*   
qualifi$ resid5ce or1 9 ! case ( a      
qualifi$ resid5ce t is sub/antially     
rehabilitat$ z "p ( a qualifi$ project &
 is own$ by ! same qualifi$ home[n] dur+
 ! entirety ( su* rehabilitation1 ! co/ 
( ! sub/antial rehabilitation1 &        
7,,vii7 ! income ( ! qualifi$ home[n]   
7express$ z a p]c5tage ( ! applicable   
area m$ian gross income = ! location ( !
 qualifi$ resid5ce71 &  7iii7 su* o!r   
in=mation z ! ,secret>y may require4    
7#b7 ,qualifi$ allocation plan ,=       
purposes ( ?is subsection1 ! t]m        
qualifi$ allocation plan means any plan 
:i*-- 7,a7 sets =? ! selection crit]ia  
to be us$ to prioritize qualifi$        
projects = allocations ( ,/ate          

neighborhood homes cr$it doll> am\nts1  
includ+-- 7i7 ! ne$ = new or            
sub/antially rehabilitat$ own]-occupi$  
homes 9 ! area address$ by ! project1   
7ii7 ! expect$ contribution ( ! project 
to neighborhood /ability &              
revitalization1  7iii7 ! capability ( ! 
project sponsor1 &  7iv7 ! likelihood ! 
project w result 9 long-t]m home[n]%ip1 
7,b7 has be5 made available = public    
comm5t1 &  7,c7 provides a proc$ure t ! 
neighborhood homes cr$it ag5cy 7or any  
ag5t or contractor ( su* ag5cy7 %all    
foll[ = purposes (-- 7i7 id5tify+       
noncompliance ) any provisions ( ?is    
section1 &  7ii7 notify+ ! ,int]nal     
,rev5ue ,s]vice ( any su* noncompliance 
( :i* ! ag5cy becomes aw>e4  7i7        
,possessions treat$ z /ates ,= purposes 
( ?is section1 ! t]m ,/ate includes !   
,di/rict ( ,columbia & a possession ( ! 
,unit$ ,/ates4  7j7 ,repaym5t  7#a7 ,9  
g5]al  7,a7 ,sold dur+ #e-ye> p]iod ,if 
a qualifi$ resid5ce is sold dur+ !      
#e-ye> p]iod beg9n+ on ! date ( !       

qualifi$ completion ev5t describ$ 9     
subsection 7a7 ) respect to su* qualifi$
 resid5ce1 ! sell] %all transf] an am\nt
 equal to ! repaym5t am\nt f ! am\nt    
realiz$ on su* sale to ! relevant       
neighborhood homes cr$it ag5cy4  7,b7   
,use ( repaym5ts ,a neighborhood homes  
cr$it ag5cy %all use any am\nt receiv$  
pursuant to subp>agraph 7,a7 only =     
purposes ( qualifi$ projects4  7#b7     
,repaym5t am\nt ,= purposes ( p>agraph  
7#a77;,a71 ! repaym5t am\nt is an am\nt 
equal to #ej p]c5t ( ! ga9 f su* resale1
 r$uc$ by #bj p]c5t = ea* ye> ( ! #e-ye>
 p]iod ref]r$ to 9 p>agraph 7#a77;,a7   
:i* ends be=e ! date ( ! sale ref]r$ to 
9 su* p>agraph4  7#c7 ,li5 = repaym5t   
am\nt ,a neighborhood homes cr$it ag5cy 
receiv+ an allocation "u ?is section    
%all place a li5 on ea* qualifi$        
resid5ce t is built or rehabilitat$ z "p
 ( a qualifi$ project = an am\nt su*    
ag5cy deems necess>y to ensure pot5tial 
repaym5t pursuant to p>agraph 7#a77;,a74
  7#d7 ,d5ial ( d$uctions if conv]t$ to 

r5tal h\s+ ,if1 dur+ ! #e-ye> p]iod     
beg9n+ on ! date ( ! qualifi$ completion
 ev5t describ$ 9 subsection 7a71 an     
individual :o owns a qualifi$ resid5ce  
fails to use su* qualifi$ resid5ce z su*
 individual's pr9cipal resid5ce = any   
p]iod ( "t1 no d$uction %all be all[$ = 
exp5ses paid or incurr$ by su*          
individual ) respect to r5t+1 dur+ su*  
p]iod ( "t1 su* qualifi$ resid5ce4  7#e7
 ,waiv] ,! neighborhood homes cr$it     
ag5cy may waive ! repaym5t requir$ "u   
p>agraph 7#a77;,a7 9 ! case ( home[n]   
exp]i5c+ a h>d%ip4  7k7 ,report  7#a7 ,9
 g5]al ,! ,secret>y %all annually issue 
a report1 to be made available to !     
public1 :i* conta9s ! in=mation submitt$
 pursuant to subsection 7h77#a77;,e74   
7#b7 ,de-id5tification ,! ,secret>y %all
 ensure t any in=mation made public     
pursuant to p>agraph 7#a7 excludes any  
in=mation t w\ld all[ = ! id5tification 
( qualifi$ home[n]s4  7l7 ,inflation    
adju/m5t  7#a7 ,9 g5]al ,9 ! case ( a   
cal5d> ye> aft] #bjbj1 ! doll> am\nts 9 

?is section %all be increas$ by an am\nt
 equal to-- 7,a7 su* doll> am\nt1       
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = su*    
cal5d> ye> by sub/itut+ cal5d> ye> #bjai
 = cal5d> ye> #bjaf 9 subp>agraph       
7,a77ii7 !re(4  7#b7 ,r\nd+  7,a7       
,sub/antial rehabilitation ,9 ! case ( !
 doll> am\nt 9 subsection 7f77#d71 any  
increase "u ! prec$+ s5t5ce :i* is n a  
multiple ( #a1jjj %all be r\nd$ to !    
ne>e/ multiple ( #a1jjj4  7,b7 ,9 ! case
 ( ! doll> am\nt 9 subsection           
7g77#a77;,a71 any increase "u ! prec$+  
s5t5ce :i* is n a multiple ( #j4ja %all 
be r\nd$ to ! ne>e/ multiple ( #j4ja4   
7,c7 ,9 ! case ( ! doll> am\nt 9        
subsection 7g77#a77;,b71 any increase "u
 ! prec$+ s5t5ce :i* is n a multiple (  
#ajj1jjj %all be r\nd$ to ! ne>e/       
multiple ( #ajj1jjj4  4  7b7 ,curr5t ye>
 bus9ess cr$it calculation ,section     
#ch7;b7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$ by r$esignat+ p>agraphs  
7#f7 ?r\gh 7#cc7 z p>agraphs 7#g7 ?r\gh 

7#cd71 respectively1 & by ins]t+ aft]   
p>agraph 7#e7 ! foll[+ new p>agraph3    
7#f7 ! neighborhood homes cr$it det]m9$ 
"u section #db;,a7a71  4  7c7           
,limitation on c>ryback ,section #ci ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by add+ at ! end ! foll[+ new          
subsection3  7e7 ,no c>ryback (         
neighborhood homes cr$it be=e effective 
date ,no am\nt ( ! unus$ cr$it          
attributable to section #db;,a may be   
tak5 into acc\nt "u section #ch7;a77#c7 
= any taxable ye> beg9n+ be=e ! date ( !
 enactm5t ( ?is subsection4  4  7d7     
,con=m+ am5dm5ts ,subsections           
7i77#c77;,c71 7i77#f77;,b77i71 & 7k77#a7
 ( section #dfi ( ! ,int]nal ,rev5ue    
,code ( #aihf are ea* am5d$ by ins]t+ or
 #db;,a aft] section #db4  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[+3  ,sec4 #db;,a4            
,neighborhood homes cr$it4  4  7f7      

,effective date ,! am5dm5ts made by ?is 
section %all apply to cal5d> ye>s beg9n+
 aft] ! date ( enactm5t ( ?is ,act4