,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gfgf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #f1 #bjbb,mr4    
,cri/ 7= himself & ,mr4 ,suozzi7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to assi/ home[n]s 9 mak+  
safety1 security1 & accessibility       
improvem5ts to _! homes4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,home   
,modification = ,accessibility ,act (   
#bjbb4  #b4 ,di/ributions f retirem5t   
plans 9 case ( c]ta9 accessibility1     
security1 & safety home improvem5ts  7a7
 ,n subject to e>ly di/ribution p5alty  
,section #gb7t77#b7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$ by add+ at ! end
 ! foll[+ new subp>agraph3  7,i7        
,di/ribution f retirem5t plans 9 case ( 
c]ta9 accessibility1 security1 & safety 
home improvem5ts  7i7 ,9 g5]al ,any     
qualifi$ retirem5t home improvem5t      
di/ribution4  7ii7 ,qualifi$ retirem5t  
home improvem5t di/ribution ,= purposes 

( ?is subp>agraph1 ! t]m qualifi$       
retirem5t home improvem5t di/ribution   
means any di/ribution made be=e ! date  
on :i* ! employee atta9s age #eia_/b f  
an applicable eligible retirem5t plan 7z
 def9$ 9 subp>agraph 7,h77vi77,i77 to ! 
ext5t su* di/ributions d n exce$ = !    
taxable ye> am\nts paid or incurr$--    
7,i7 by ! individual ) respect to !     
individual's prim>y resid5ce 7)9 ! mean+
 ( section #aba71 &  7,,ii7 to improve =
 ag+ or disabl$ adults ! accessibility1 
security1 or safety ( su* resid5ce4     
7iii7 ,limitation ,! aggregate am\nt :i*
 may be treat$ z qualifi$ retirem5t home
 improvem5t di/ributions by any         
individual = all taxable ye>s %all n    
exce$ #cj1jjj4  7iv7 ,special rules ,=  
purposes ( ?is subp>agraph-- 7,i7       
,exemption ( di/ributions f tru/ee to   
tru/ee transf] & )hold+ rules ,=        
purposes ( sections #dja7;a77#ca71      
#djb7;f71 & #cdje1 a qualifi$ retirem5t 
home improvem5t di/ribution %all n be   
treat$ z an eligible rollov]            

di/ribution4  7,,ii7 ,di/ributions      
treat$ z meet+ plan di/ribution         
requirem5ts ,any qualifi$ retirem5t home
 improvem5t di/ribution %all be treat$ z
 meet+ ! requirem5ts ( sections         
#dja7k77#b77;,b77i71                    
#djc7;b77#g77;,a77ii71 #djc7;b77#aa71 & 
#deg7;d77#a77;,a74  4  7b7 ,exclud$ f   
gross income ,"p ,,iii ( sub*apt] ,b (  
*apt] #a ( su* ,code is am5d$ by ins]t+ 
be=e section #adj ! foll[+ new section3 
#aci;,j4 ,qualifi$ retirem5t home       
improvem5t di/ributions ,gross income   
%all n include any am\nt treat$ z a     
qualifi$ retirem5t home improvem5t      
di/ribution "u section #gb7t77#b77;,i74 
4  7c7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to            
di/ributions made aft] ,decemb] #ca1    
#bjba4  #c4 ,retirem5t home improvem5t  
d$uction  7a7 ,9 g5]al ,"p ,,vii (      
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by       
r$esignat+ section #bbd z section #bbe &
 by ins]t+ aft] section #bbc ! foll[+   

new section3  #bbd4 ,retirem5t home     
improvem5t d$uction  7a7 ,9 g5]al ,9 !  
case ( an individual1 !re %all be all[$ 
z a d$uction = ! taxable ye> an am\nt   
equal to ! qualifi$ retirem5t home      
improvem5t exp5ditures ( ! taxpay] = !  
taxable ye>4  7b7 ,limitation ,! am\nt (
 qualifi$ retirem5t home improvem5t     
exp5ditures tak5 into acc\nt "u         
subsection 7a7 = ! taxable ye> %all n   
exce$ an am\nt equal to ! excess 7if    
any7 (-- 7#a7 #cj1jjj1 ov]  7#b7 ! sum  
(-- 7,a7 ! aggregate am\nt ( qualifi$   
retirem5t home improvem5t exp5ditures   
tak5 into acc\nt by ! individual "u     
subsection 7a7 = all prec$+ taxable     
ye>s1 &  7,b7 ! aggregate am\nt tak5    
into acc\nt "u section #gb7t77#b77;,i7  
by ! individual 9 det]m9+ :e!r a        
di/ribution is a qualifi$ retirem5t home
 improvem5t di/ribution t is exclud$ f  
gross income "u section #aci;,j4  7c7   
,qualifi$ retirem5t home improvem5t     
exp5ditures ,= purposes ( ?is section1 !
 t]m qualifi$ retirem5t home improvem5t 

exp5ditures means am\nts paid or        
incurr$-- 7#a7 by an individual :o has  
atta9$ ! age ( #ei1  7#b7 ) respect to !
 individual's prim>y resid5ce 7)9 !     
mean+ ( section #aba71 &  7#c7 to       
improve = ag+ or disabl$ adults !       
accessibility1 security1 or safety ( su*
 resid5ce4  4  7b7 ,d$uction all[$ )\t  
reg>d to :e!r taxpay] itemizes ,section 
#fb7;a7 ( su* ,code is am5d$ by ins]t+  
aft] p>agraph 7#ba7 ! foll[+ new        
p>agraph3  7#bb7 ,retirem5t home        
improvem5ts ,! d$uction all[$ by section
 #bbd4  4  7c7 ,d$uction n all[$ =      
purposes ( alt]native m9imum tax        
,section #ef7;b77#a77;,a7 ( su* ,code is
 am5d$ by /rik+ or at ! end ( clause    
7i71 by /rik+ ! p]iod at ! end ( clause 
7ii7 & ins]t+ 1 or1 & by ins]t+ aft]    
clause 7ii7 7z s am5d$7 ! foll[+3  7iii7
 ! d$uction all[$ by section #bbd4  4   
7d7 ,cl]ical am5dm5t ,! table ( sections
 = "p ,,vii ( sub*apt] ,b ( *apt] #a (  
su* ,code is am5d$ by /rik+ ! item      
relat+ to section #bbd & ins]t+ !       

foll[+3  ,sec4 #bbd4 ,retirem5t home    
improvem5t d$uction4 ,sec4 #bbe4 ,cross 
ref]5ce4  4  7e7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to am\nts paid or incurr$ aft] ,decemb] 
#ca1 #bjbb4  #d4 ,receipt & report+     
requirem5ts = tax b5efits relat+ to     
retirem5t home improvem5ts  7a7         
,e/abli%m5t ( receipt requirem5ts ,!    
,secret>y ( ! ,treasury %all1 n lat] ?an
 #ij days aft] ! date ( ! enactm5t ( ?is
 ,act1 prescribe su* receipt requirem5ts
 z may be necess>y to c>ry out !        
purposes & prev5t ! abuse ( sections    
#gb7t77#b77;,i7 & #bbd ( ! ,int]nal     
,rev5ue ,code ( #aihf 7z add$ by ?is    
,act74  7b7 ,reports by ,secret>y ,!    
,secret>y ( ! ,treasury %all1 n lat] ?an
 ,novemb] #cj1 #bjbc1 & annually        
!reaft]1 submit to ,congress a report   
detail+ ! ext5t to :i* taxpay]s use     
sections #gb7t77#b77;,i7 & #bbd4