,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #fgba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ab1         
#bjbc,mr4 ,davis ( ,ill9ois 7= himself1 
,mr4 ,gomez1 ,mr4 ,pet]s1 ,mr4 ,panetta1
 ,ms4 ,jacobs1 ,mr4 ,c>son1 ,mr4 ,mull91
 ,ms4 ,lee ( ,cali=nia1 ,ms4 ,norton1   
,mr4 ,evans1 ,mr4 ,?an$>1 ,ms4 ,tlaib1  
,ms4 ,crockett1 ,mrs4 ,watson ,coleman1 
,ms4 ,jackson ,lee1 ,mr4 ,c>t] (        
,l\isiana1 ,mr4 ,lieu1 ,mr4 ,johnson (  
,georgia1 ,ms4 ,sewell1 ,ms4 ,wilson (  
,florida1 & ,ms4 ,s*ak[sky7 introduc$ ! 
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to all[ = a cr$it aga9/ tax = r5t 
paid on ! p]sonal resid5ce ( ! taxpay]4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,r5t ,relief ,act ( #bjbc4  #b4       
,refundable cr$it = r5t paid = pr9cipal 
resid5ce  7a7 ,9 g5]al ,subp>t ,c ( "p  
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #cf;,b ! foll[+  

new section3  #cf;,c4 ,r5t] tax cr$it   
7a7 ,9 g5]al ,9 ! case ( an individual  
:o leases ! individual's pr9cipal       
resid5ce 7)9 ! mean+ ( section #aba7    
dur+ ! taxable ye> & :o pays r5t )      
respect to su* resid5ce 9 excess ( #cj  
p]c5t ( ! taxpay]'s adju/$ gross income 
= su* taxable ye>1 !re %all be all[$ z a
 cr$it aga9/ ! tax impos$ by ?is        
subtitle = su* taxable ye> an am\nt     
equal to ! applicable p]c5tage ( su*    
excess4  7b7 ,cr$it limit$ by #ajj p]c5t
 ( small area fair m>ket r5t ,solely =  
purposes ( det]m9+ ! am\nt ( ! cr$it    
all[$ "u subsection 7a7 ) respect to a  
resid5ce = ! taxable ye>1 !re %all n be 
tak5 into acc\nt r5t 9 excess ( an am\nt
 equal to #ajj p]c5t ( ! small area fair
 m>ket r5t 7includ+ ! utility all[ance7 
applicable to ! resid5ce involv$ 7z mo/ 
rec5tly publi%$1 z ( ! beg9n+ ( !       
taxable ye>1 by ! ,dep>tm5t ( ,h\s+ &   
,urban ,developm5t74  7c7 ,def9itions & 
special rules ,= purposes ( ?is         
section-- 7#a7 ,applicable p]c5tage ,!  

t]m applicable p]c5tage means ! p]c5tage
 det]m9$ 9 accordance ) ! foll[+ table3 
,! applicable,if ! taxpay]'s adju/$     
gross income is3p]c5tage is3,n ov]      
#be1jjjajj percent,over #be1jjj1 b n ov]
 #ej1jjjge percent,over #ej1jjj1 b n ov]
 #ge1jjjej percent,over #ge1jjj1 b n ov]
 #ajj1jjjbe percent,over #ajj1jjjj      
p]c5t4  7#b7 ,p>tial ye> resid5ce ,!    
,secret>y %all prescribe su* rules z are
 necess>y to c>ry out ! purposes ( ?is  
section = taxpay]s ) respect to :om a   
resid5ce is a pr9cipal resid5ce = only a
 portion ( ! taxable ye>4  7#c7 ,r5t ,! 
t]m r5t includes any am\nt paid =       
utilities ( a type tak5 into acc\nt =   
purposes ( det]m9+ ! utility all[ance "u
 section #db7;g77#b77;,b77ii74  7#d7    
,m>ri$ individuals fil+ sep>ate returns 
,9 ! case ( individuals :o are m>ri$ to 
ea* o!r1 h ! same pr9cipal resid5ce1 & d
 n file a jo9t return = ! taxable ye>1 !
 cr$it det]m9$ "u ?is section ) respect 
to ea* su* individual %all be #ej p]c5t 
( ! am\nt ( ! cr$it :i* w\ld be det]m9$ 

"u ?is section if su* individuals fil$ a
 jo9t return1 unless su* individuals    
agree on a diff]5t division ( su* cr$it 
79 su* mann] z ! ,secret>y may provide7 
:i* does n aggregate to m #ajj p]c5t (  
su* am\nt4  7d7 ,reconciliation ( cr$it 
& advance paym5ts ,! am\nt ( ! cr$it    
all[$ "u ?is section = any taxable ye>  
%all be r$uc$ 7b n bel[ z]o7 by !       
aggregate am\nt ( any advance paym5ts ( 
su* cr$it "u section #gebg;,b = su*     
taxable ye>4  4  7b7 ,advance paym5t    
,*apt] #gg ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by ins]t+ aft] section   
#gebg;,a ! foll[+ new section3          
#gebg;,b4 ,advance paym5t ( r5t] tax    
cr$it  7a7 ,9 g5]al ,n lat] ?an #f mon?s
 aft] ! date ( ! enactm5t ( ! ,r5t      
,relief ,act ( #bjbc1 ! ,secret>y %all  
e/abli% a program = mak+ advance paym5ts
 ( ! cr$it all[$ "u section #cf;,c on a 
mon?ly basis to any taxpay] :o-- 7#a7 ! 
,secret>y has det]m9$ w be all[$ su*    
cr$it = ! taxable ye>1 &  7#b7 has made 
an election "u subsection 7c74  7b7     

,am\nt ( advance paym5t  7#a7 ,9 g5]al  
,= purposes ( subsection 7a71 ! am\nt ( 
! mon?ly advance paym5t ( ! cr$it       
provid$ to a taxpay] dur+ ! applicable  
p]iod %all be equal to ! less] (-- 7,a7 
an am\nt equal to-- 7i7 ! am\nt ( !     
cr$it :i* ! ,secret>y has det]m9$ w be  
all[$ to su* taxpay] "u section #cf;,c =
 ! taxable ye> end+ 9 su* applicable    
p]iod1 divid$ by  7ii7 #ab1 or  7,b7 su*
 o!r am\nt z is elect$ by ! taxpay]4    
7#b7 ,applicable p]iod ,= purposes ( ?is
 section1 ! t]m applicable p]iod means !
 #ab-mon? p]iod f ! mon? ( ,july ( !    
taxable ye> ?r\gh ! mon? ( ,june ( !    
subsequ5t taxable ye>4  7c7 ,election ( 
advance paym5t ,a taxpay] may elect to  
receive an advance paym5t ( ! cr$it     
all[$ "u section #cf;,c = any taxable   
ye> by includ+ su* election on a timely 
fil$ return = ! prec$+ taxable ye>4  7d7
 ,int]nal ,rev5ue ,s]vice notification  
,! ,int]nal ,rev5ue ,s]vice %all take   
su* /eps z may be appropriate to ensure 
t taxpay]s :o are eligible to receive ! 

cr$it "u section #cf;,c are aw>e ( !    
availability ( ! advance paym5t ( su*   
cr$it "u ?is section4  7e7 ,regulations 
,! ,secret>y may prescribe su*          
regulations or o!r guidance z may be    
necess>y or appropriate to c>ry out !   
purposes ?is section4  4  7c7 ,cl]ical  
am5dm5ts  7#a7 ,9 g5]al ,! table (      
sections = subp>t ,c ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #cf;,b ! 
foll[+ new item3  ,sec4 #cf;,c4 ,r5t]   
tax cr$it4  4  7#b7 ,advance paym5t ,!  
table ( sections = *apt] #gg ( su* ,code
 is am5d$ by ins]t+ aft] ! item relat+  
to section #gebg;,a ! foll[+ new item3  
,sec4 #gebg;,b4 ,advance paym5t ( r5t]  
tax cr$it4  4  7d7 ,effective date ,!   
am5dm5ts made by ?is section %all apply 
) respect to taxable ye>s beg9n+ aft]   
,decemb] #ca1 #bjbc4  7e7 ,community    
outrea* ,imm$iately ^u ! enactm5t ( ?is 
,act1 9 addition to am\nts o!rwise      
available1 !re are appropriat$ out ( any

 money 9 ! ,treasury n o!rwise          
appropriat$ #ej1jjj1jjj to rema9        
available until #e ye>s aft] ! enactm5t 
( ?is ,act = necess>y exp5ses = !       
,int]nal ,rev5ue ,s]vice to support     
ef=ts to increase enrollm5t ( eligible  
h\seholds 9 ! ,r5t] ,tax ,cr$it all[$ "u
 section #cf;,c ( ! ,int]nal ,rev5ue    
,code ( #aihf 7includ+ ! advance paym5t 
( su* cr$it "u section #gebg;,b ( su*   
,code71 includ+ b n limit$ to program   
outrea*1 co/s ( data %>+ arrangem5ts1   
sy/ems *anges1 =ms *anges1 & relat$     
ef=ts1 & ef=ts by ,f$]al ag5cies to     
facilitate ! cross-enrollm5t (          
b5efici>ies ( o!r programs 9 su* ,r5t]  
,tax ,cr$it1 includ+ by e/abli%+        
int]gov]nm5tal coop]ative agreem5ts )   
,/ates & local gov]nm5ts1 tribal        
gov]nm5ts1 & possessions ( ! ,unit$     
,/ates3 ,provid$1 t su* am\nt %all be   
available 9 addition to any am\nts      
o!rwise available3 ,provid$ fur!r1 t ^! 
funds may be aw>d$ by ,f$]al ag5cies to 
,/ate & local gov]nm5ts1 tribal         

gov]nm5ts1 & possessions ( ! ,unit$     
,/ates1 & private entities1 includ+     
organizations d$icat$ to free tax return
 prep>ation4