,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #iehe  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #ae1         
#bjbb,mr4 ,jacobs ( ,new ,york introduc$
 ! foll[+ bill2 :i* 0 ref]r$ to !       
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to impose a tax on =eign-own$     
"u-utiliz$ resid5tial real prop]ty4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,am]ican ,prop]ty ,act4  #b4 ,tax on    
=eign-own$ "u-utiliz$ resid5tial real   
prop]ty  7a7 ,9 g5]al ,*apt] #cf ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new sub*apt]3 
,e ,tax on =eign-,own$ "u-,utiliz$      
resid5tial real prop]ty  ,sec4 #ddia4   
,tax on =eign-own$ "u-utiliz$ resid5tial
 real prop]ty4  #ddia4 ,tax on          
=eign-own$ "u-utiliz$ resid5tial real   
prop]ty  7a7 ,9 g5]al ,9 ! case ( any   
specifi$ =eign p]son :i* owns any       
specifi$ "u-utiliz$ resid5tial real     
prop]ty = m ?an "o-half ( any taxable   
ye>1 !re is h]eby impos$ a tax equal to 

#a p]c5t ( ! e/imat$ value ( su*        
prop]ty4  7b7 ,specifi$ "u-,utiliz$     
resid5tial real prop]ty ,= purposes (   
?is section-- 7#a7 ,9 g5]al ,! t]m      
specifi$ "u-utiliz$ resid5tial real     
prop]ty means1 ) respect to any taxable 
ye>1 any specifi$ resid5tial prop]ty    
locat$ 9 ! ,unit$ ,/ates :i* is occupi$ 
z a dwell+ unit = less ?an #ahj days1 z 
det]m9$ pursuant to p>agraph 7#b74  7#b7
 ,det]m9ation ( occupancy  7,a7 ,9 g5]al
 ,occupancy ( specifi$ resid5tial       
prop]ty %all be det]m9$ by tak+ into    
consid]ation only su* days z fall into a
 qualify+ occupancy p]iod4  7,b7        
,qualify+ occupancy p]iod ,! t]m        
qualify+ occupancy p]iod means a p]iod (
 at lea/ "o mon? 9 ! taxable ye> dur+   
:i* a qualify+ occupant has cont9u\s    
occupancy ( a dwell+ unit4  7,c7        
,qualify+ occupant  7i7 ,9 g5]al ,! t]m 
qualify+ occupant means an individual :o
 is-- 7,i7 ! taxpay]1 ! sp\se1 p>5t1 or 
*ild ( su* taxpay]1 or a t5ant1 &       
7,,ii7 ei!r-- 7aa7 a citiz5 or p]man5t  

resid5t ( ! ,unit$ ,/ates1 or  7bb7     
au?oriz$ to "w 9 ! ,unit$ ,/ates4  7ii7 
,special rule = taxpay] & sp\se ,9 !    
case ( a taxpay] or sp\se ( su* taxpay]1
 su* individual may only be tak5 into   
acc\nt z a qualify+ occupant if ! dwell+
 unit is ! prim>y resid5ce ( su*        
individual dur+ ! qualify+ occupancy    
p]iod4  7#c7 ,specifi$ resid5tial       
prop]ty ,! t]m specifi$ resid5tial      
prop]ty means a s+le-family home or     
/ructure consi/+ ( f\r resid5tial units 
or less1 or a "p ( a build+ t is a      
semi-deta*$ h\se1 r[h\se unit1          
resid5tial condom9ium unit or o!r simil>
 premises t is1 or is int5d$ to be1 a   
sep>ate p>cel or o!r division ( real    
prop]ty1 & includes any l& :i* 0 convey$
 ) su* home1 /ructure1 or build+4  7c7  
,e/imat$ value ,= purposes ( ?is        
section1 ! t]m e/imat$ value means1 )   
respect to prop]ty = any taxable ye>1 ! 
great] (-- 7#a7 ! apprais$ value ( su*  
prop]ty = purposes ( det]m9+ ,/ate or   
local prop]ty taxes 7det]m9$ z ( ! close

 ( su* taxable ye>71 or  7#b7 ! mo/     
rec5t sales price ( su* prop]ty 7z s    
det]m9$74  7d7 ,specifi$ =eign p]son ,= 
purposes ( ?is section1 ! t]m specifi$  
=eign p]son means any p]son o!r ?an a   
,unit$ ,/ates p]son4  7e7 ,special rules
 = prop]ty acquir$ or transf]r$ dur+ a  
taxable ye>  7#a7 ,application (        
occupancy rules ,= purposes ( subsection
 7b77#a71 specifi$ "u-utiliz$ resid5tial
 real prop]ty %all n be treat$ z occupi$
 z a dwell+ unit ) respect to any       
taxpay] = any day dur+ :i* ! taxpay] did
 n own su* prop]ty4  7#b7 ,e/imat$ value
 ,9 ! case ( any specifi$ "u-utiliz$    
resid5tial real prop]ty sold or o!rwise 
transf]r$ by ! taxpay] dur+ ! taxable   
ye>-- 7,a7 ! am\nt describ$ 9 subsection
 7c77#a7 %all be det]m9$ z ( ! la/ day  
on :i* ! taxpay] owns su* prop]ty1 &    
7,b7 ! am\nt describ$ 9 subsection      
7c77#b7 %all be ! am\nt = :i* su*       
prop]ty is s sold or o!rwise transf]r$4 
4  7b7 ,cl]ical am5dm5t ,! table (      
sub*apt]s = *apt] #cf ( ! ,int]nal      

,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new item3  ,sub*apt]  
,e--,tax on =eign-own$ "u-utiliz$       
resid5tial real prop]ty  4  7c7         
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4