,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ddj  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ae1 #bjbe,ms4
 ,lee ( ,florida 7= h]self1 ,mr4        
,mosk[itz1 ,mr4 ,bu*anan1 & ,mr4 ,scott 
,frankl9 ( ,florida7 introduc$ ! foll[+ 
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
provide = ,resid5tial ,em]g5cy          
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nts4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,,ready 
,acc\nts ,act4  #b4 ,,ready acc\nts  7a7
 ,9 g5]al ,"p ,,vii ( sub*apt] ,b (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by r$esignat+ section    
#bbd z section #bbe & by ins]t+ aft]    
section #bbc ! foll[+ new section3      
#bbd4 ,resid5tial ,em]g5cy              
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nts  7a7 ,d$uction 
all[$ ,9 ! case ( an individual1 !re    
%all be all[$ z a d$uction = ! taxable  
ye> an am\nt equal to ! aggregate am\nt 

paid 9 ca% dur+ su* taxable ye> by or on
 behalf ( su* individual to a           
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt su* individual4  7b7 ,limitation 
7#a7 ,9 g5]al ,! am\nt all[able z a     
d$uction "u subsection 7a7 to an        
individual = ! taxable ye> %all n exce$ 
#d1ejj4  7#b7 ,inflation adju/m5t  7,a7 
,9 g5]al ,9 ! case ( any taxable ye>    
beg9n+ 9 a cal5d> ye> aft] #bjbe1 !     
#d1ejj doll> am\nt "u p>agraph 7#a7 %all
 be increas$ by an am\nt equal to-- 7i7 
su* doll> am\nt1 multipli$ by  7ii7 !   
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
9 subp>agraph 7,a77ii7 !re( cal5d> ye>  
#bjbd = cal5d> ye> #bjaf4  7,b7 ,r\nd+  
,if any am\nt z adju/$ "u p>agraph 7#a7 
is n a multiple ( #ej1 su* doll> am\nt  
%all be r\nd$ to ! next l[e/ multiple ( 
#ej4  7c7 ,resid5tial ,em]g5cy          
,asset-,accumulation ,def]r$ ,taxation  
,yield 7,,ready7 acc\nt ,= purposes (   

?is section-- 7#a7 ,9 g5]al ,! t]m      
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt means a tru/ creat$ or organiz$ 9
 ! ,unit$ ,/ates z a ,resid5tial        
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt       
exclusively = ! purpose ( pay+ !        
qualifi$ home disa/] mitigation &       
recov]y exp5ses ( ! acc\nt b5efici>y1 b 
only if ! writt5 gov]n+ in/rum5t creat+ 
! tru/ meets ! foll[+ requirem5ts3 7,a7 
,except 9 ! case ( a rollov]            
contribution describ$ 9 subsection      
7e77#e71 no contribution w be accept$-- 
7i7 unless x is 9 ca%1 or  7ii7 to !    
ext5t su* contribution1 :5 add$ to      
previ\s contributions to ! tru/ = !     
cal5d> ye>1 exce$s ! doll> am\nt 9      
effect "u subsection 7b77#a74  7,b7 ,!  
tru/ee is a bank 7z def9$ 9 section     
#djh7n77 or ano!r p]son :o demon/rates  
to ! satisfaction ( ! ,secret>y t !     
mann] 9 :i* su* p]son w adm9i/] ! tru/ w
 be consi/5t ) ! requirem5ts ( ?is      

section4  7,c7 ,no "p ( ! tru/ assets w 
be inve/$ 9 life insurance contracts4   
7,d7 ,! assets ( ! tru/ w n be comm+l$ )
 o!r prop]ty except 9 a common tru/ fund
 or common inve/m5t fund4  7,e7 ,!      
int]e/ ( an individual 9 ! balance 9 8  
acc\nt is non=feitable4  7#b7 ,qualifi$ 
home disa/] mitigation & recov]y exp5ses
  7,a7 ,9 g5]al ,! t]m qualifi$ home    
disa/] mitigation & recov]y exp5ses     
means1 ) respect to an acc\nt b5efici>y1
 am\nts paid by su* b5efici>y =-- 7i7   
qualifi$ disa/] mitigation measures1 or 
7ii7 qualifi$ disa/] recov]y co/s1  )   
respect to a qualifi$ home ( ! taxpay]4 
7,b7 ,qualifi$ disa/] mitigation        
measures ,= purposes ( subp>agraph      
7,a7-- 7i7 ,9 g5]al ,! t]m qualifi$     
disa/] mitigation measures means any    
measure describ$ 9 clause 7ii7 ) respect
 to a qualifi$ home ( ! taxpay] if--    
7,i7 su* measure meets su* crit]ia z !  
,secret>y1 9 consultation ) !           
,adm9i/rator ( ! ,f$]al ,em]g5cy        
,managem5t ,ag5cy1 consid]s appropriate 

to mitigate damage f a natural or o!r   
disa/]1 &  7,,ii7 is c]tifi$ by a       
qualifi$ indu/ry pr(essional z meet+ su*
 crit]ia4  7ii7 ,mitigation measures ,! 
foll[+ measures are measures describ$ 9 
?is clause3 7,i7 ,in/all+ a ro(+        
und]laym5t to %ea?+4  7,,ii7 ,replac+ a 
ro( cov]+4  7,,iii7 ,apply+ a foam      
adhesive to re9=ce ! ro( /ructure4      
7,,iv7 ,/r5g!n+ connection ( ro( deck to
 ro( fram+4  7,v7 ,/r5g!n+ ro(-to-wall  
connections4  7,,vi7 ,/r5g!n+ s(fits4   
7,,vii7 ,/r5g!n+ attic v5tilation op5+s4
  7,,viii7 ,in/all+ impact-resi/ant     
w9d[s4  7,,ix7 ,in/all+ impact-resi/ant 
entry doors4  7,x7 ,elevat+ ! resid5tial
 home4  7,,xi7 ,in/all+ gr\nd an*ors4   
7,,xii7 ,if ! qualifi$ home 0 built     
accord+ to a build+ code f a prior ye>1 
a*iev+ ! curr5t build+ code /&>d 9 !    
applicable ,/ate or locality4  7,,xiii7 
,su* o!r measures det]m9$ by !          
,secret>y1 9 consultation ) !           
,adm9i/rator ( ! ,f$]al ,em]g5cy        
,managem5t ,ag5cy1 to be consi/5t ) !   

purposes ( ?is section4  7iii7 ,qualifi$
 indu/ry pr(essional ,! t]m qualifi$    
indu/ry pr(essional means an individual 
:o meets su* rules & /&>ds z det]m9$    
appropriate by ! ,secret>y1 9           
consultation ) ! ,adm9i/rator ( ! ,f$]al
 ,em]g5cy ,managem5t ,ag5cy4  7,c7      
,qualifi$ disa/] recov]y co/s ,=        
purposes ( subp>agraph 7,a71 ! t]m      
qualifi$ disa/] recov]y co/s means co/s 
= repair+ damage to ! qualifi$ home ( ! 
taxpay] if su* damage arises f fire1    
/orm1 or o!r casualty & su* co/s are n  
comp5sat$ = by insurance or o!rwise4    
7,d7 ,qualifi$ home ,= purposes ( ?is   
section1 ! t]m qualifi$ home means1 )   
respect to any taxable ye>1 any /ructure
 :i* is-- 7i7 own$ by ! taxpay]1 &  7ii7
 us$ by ! taxpay] z ! taxpay]'s pr9cipal
 resid5ce 7)9 ! mean+ ( section #aba7 = 
! taxable ye>4  7#c7 ,acc\nt b5efici>y  
,! t]m acc\nt b5efici>y means !         
individual on ^: behalf ! ,resid5tial   
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt 0     

e/abli%$4  7#d7 ,c]ta9 rules to apply   
,rules simil> to ! foll[+ rules %all    
apply = purposes ( ?is section3 7,a7    
,section #bai7;d77#b7 7relat+ to no     
d$uction = rollov]s74  7,b7 ,section    
#bai7;f77#c7 7relat+ to "t :5           
contributions deem$ made74  7,c7        
,section #bai7;f77#e7 7relat+ to employ]
 paym5ts74  7,d7 ,section #djh7;g7      
7relat+ to community prop]ty laws74     
7,e7 ,section #djh7;h7 7relat+ to       
cu/odial acc\nts74  7d7 ,tax treatm5t ( 
acc\nts  7#a7 ,9 g5]al ,a ,resid5tial   
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt is    
exempt f taxation "u ?is subtitle unless
 su* acc\nt has ceas$ to be a           
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt4 ,not)/&+ ! prec$+ s5t5ce1 any   
su* acc\nt is subject to ! taxes impos$ 
by section #eaa 7relat+ to imposition ( 
tax on unrelat$ bus9ess income (        
*>itable1 etc4 organizations74  7#b7    
,acc\nt t]m9ations ,rules simil> to !   

rules ( p>agraphs 7#b7 & 7#d7 ( section 
#djh7;e7 %all apply to ,resid5tial      
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nts1 &   
any am\nt treat$ z di/ribut$ "u su*     
rules %all be treat$ z n us$ to pay     
qualifi$ home disa/] mitigation &       
recov]y exp5ses4  7e7 ,tax treatm5t (   
di/ributions  7#a7 ,am\nts us$ =        
qualifi$ home disa/] mitigation &       
recov]y exp5ses ,any am\nt paid or      
di/ribut$ out ( a ,resid5tial ,em]g5cy  
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt :i* is us$      
exclusively to pay qualifi$ home disa/] 
mitigation & recov]y exp5ses ( ! acc\nt 
b5efici>y %all n be includible 9 gross  
income4  7#b7 ,inclusion ( am\nts n us$ 
= qualifi$ home disa/] mitigation &     
recov]y exp5ses ,any am\nt paid or      
di/ribut$ out ( a ,resid5tial ,em]g5cy  
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt :i* is n us$    
exclusively to pay ! qualifi$ home      
disa/] mitigation & recov]y exp5ses ( ! 

acc\nt b5efici>y %all be includ$ 9 !    
gross income ( su* b5efici>y4  7#c7     
,excess contributions return$ be=e due  
date ( return  7,a7 ,9 g5]al ,if any    
excess contribution is contribut$ = a   
taxable ye> to any ,resid5tial ,em]g5cy 
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt ( an individual1
 p>agraph 7#b7 %all n apply to          
di/ributions f ! ,resid5tial ,em]g5cy   
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nts ( su*          
individual 7to ! ext5t su* di/ributions 
d n exce$ ! aggregate excess            
contributions to all su* acc\nts ( su*  
individual = su* ye>7 if-- 7i7 su*      
di/ribution is receiv$ by ! individual  
on or be=e ! la/ day prescrib$ by law   
7includ+ ext5sions ( "t7 = fil+ su*     
individual's return = su* taxable ye>1 &
  7ii7 su* di/ribution is accompani$ by 
! am\nt ( net income attributable to su*
 excess contribution4  ,any net income  
describ$ 9 clause 7ii7 %all be includ$ 9
 ! gross income ( ! individual = !      

taxable ye> 9 :i* x is receiv$4  7,b7   
,excess contribution ,= purposes (      
subp>agraph 7,a71 ! t]m excess          
contribution means any contribution 7o!r
 ?an a rollov] contribution describ$ 9  
p>agraph 7#e77 :i* is n d$uctible "u ?is
 section4  7#d7 ,additional tax on      
di/ributions n us$ = qualifi$ home      
disa/] mitigation & recov]y exp5ses ,!  
tax impos$ by ?is *apt] on ! acc\nt     
b5efici>y = any taxable ye> 9 :i* !re is
 a paym5t or di/ribution f a ,resid5tial
 ,em]g5cy ,asset-accumulation ,def]r$   
,taxation ,yield 7,,ready7 acc\nt ( su* 
b5efici>y :i* is includible 9 gross     
income "u p>agraph 7#b7 %all be increas$
 by #bj p]c5t ( ! am\nt :i* is s        
includible4  7#e7 ,rollov] contribution 
,an am\nt is describ$ 9 ?is p>agraph z a
 rollov] contribution if x meets !      
requirem5ts ( subp>agraphs 7,a7 & 7,b74 
7,a7 ,9 g5]al ,p>agraph 7#b7 %all n     
apply to any am\nt paid or di/ribut$ f a
 ,resid5tial ,em]g5cy                   
,asset-accumulation ,def]r$ ,taxation   

,yield 7,,ready7 acc\nt to ! acc\nt     
b5efici>y to ! ext5t ! am\nt receiv$ is 
paid into a ,resid5tial ,em]g5cy        
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt = ! b5efit ( su*
 b5efici>y n lat] ?an ! #fj? day aft] ! 
day on :i* ! b5efici>y receives ! paym5t
 or di/ribution4  7,b7 ,limitation ,?is 
p>agraph %all n apply to any am\nt      
describ$ 9 subp>agraph 7,a7 receiv$ by  
an individual f a ,resid5tial ,em]g5cy  
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt if1 at any "t   
dur+ ! #a-ye> p]iod end+ on ! day ( su* 
receipt1 su* individual receiv$ any o!r 
am\nt describ$ 9 subp>agraph 7,a7 f a   
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt :i* 0 n includible 9 !           
individual's gross income because ( !   
application ( ?is p>agraph4  7#f7       
,transf] ( acc\nt incid5t to divorce ,! 
transf] ( an individual's int]e/ 9 a    
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     

acc\nt to an individual's sp\se or =m]  
sp\se "u a divorce or sep>ation in/rum5t
 describ$ 9 clause 7i7 ( section        
#aba7;d77#c77;,c7 %all n be consid]$ a  
taxable transf] made by su* individual  
not)/&+ any o!r provision ( ?is         
subtitle1 & su* int]e/ %all1 aft] su*   
transf]1 be treat$ z a ,resid5tial      
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt )     
respect to :i* su* sp\se is ! acc\nt    
b5efici>y4  7#g7 ,treatm5t aft] dea? (  
acc\nt b5efici>y  7,a7 ,treatm5t if     
designat$ b5efici>y is sp\se ,if !      
acc\nt b5efici>y's surviv+ sp\se        
acquires su* b5efici>y's int]e/ 9 a     
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt by reason ( be+ ! designat$      
b5efici>y ( su* acc\nt at ! dea? ( !    
acc\nt b5efici>y1 su* ,resid5tial       
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt %all  
be treat$ z if ! sp\se 7 ! acc\nt       
b5efici>y4  7,b7 ,o!r cases ,if1 by     

reason ( ! dea? ( ! acc\nt b5efici>y1   
any p]son acquires ! acc\nt b5efici>y's 
int]e/ 9 a ,resid5tial ,em]g5cy         
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt 9 a case to :i* 
subp>agraph 7,a7 does n apply-- 7i7 su* 
acc\nt %all cease to be a ,resid5tial   
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt z ( ! 
date ( dea?1 &  7ii7 an am\nt equal to !
 fair m>ket value ( ! assets 9 su*      
acc\nt on su* date %all be includible if
 su* p]son is n ! e/ate ( su* b5efici>y1
 9 su* p]son's gross income = ! taxable 
ye> :i* includes su* date1 or if su*    
p]son is ! e/ate ( su* b5efici>y1 9 su* 
b5efici>y's gross income = ! la/ taxable
 ye> ( su* b5efici>y4  7f7 ,reports     
7#a7 ,9 g5]al ,! ,secret>y may require !
 tru/ee ( a ,resid5tial ,em]g5cy        
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt to make su*     
reports reg>d+ su* acc\nt to ! ,secret>y
 & to ! acc\nt b5efici>y ) respect to   
contributions1 di/ributions1 ! return ( 

excess contributions1 & su* o!r matt]s z
 ! ,secret>y det]m9es appropriate4  7#b7
 ,"t & mann] ( reports ,! reports       
requir$ by ?is subsection %all be fil$  
at su* "t & 9 su* mann] & furni%$ to su*
 individuals at su* "t & 9 su* mann] z  
may be requir$ by ! ,secret>y4  7g7     
,regulations ,! ,secret>y %all prescribe
 su* regulations z may be necess>y or   
appropriate to c>ry out ! purposes ( ?is
 section & to prev5t ! abuse ( su*      
purposes4  4  7b7 ,excess contributions 
7#a7 ,9 g5]al ,section #digc7;a7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ or at ! end ( p>agraph 7#e71 by
 ins]t+ or at ! end ( p>agraph 7#f71 &  
by ins]t+ aft] p>agraph 7#f7 ! foll[+   
new p>agraph3  7#g7 a ,resid5tial       
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt 7)9 ! 
mean+ ( section #bbd71  4  7#b7 ,excess 
contributions ,section #digc ( su* ,code
 is am5d$ by add+ at ! end ! foll[+ new 
subsection3  7i7 ,excess contributions  
to ,,ready acc\nts  7#a7 ,9 g5]al ,=    

purposes ( ?is section1 9 ! case ( a    
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt 7)9 ! mean+ ( section #bbd71 !   
t]m excess contributions means ! sum (--
 7,a7 ! aggregate am\nt contribut$ = !  
taxable ye> to su* acc\nts 7o!r ?an     
rollov] contributions describ$ 9 section
 #bbd7;e77#e77 :i* is n all[$ z a       
d$uction "u section #bbd fo su* ye>1 &1 
&  7,b7 ! am\nt det]m9$ "u ?is          
subsection = ! prec$+ taxable ye>1 r$uc$
 by ! sum (-- 7i7 ! di/ributions out ( !
 acc\nts :i* 7 includ$ 9 gross income "u
 section #bbd7;e77#b71 &  7ii7 ! excess 
7if any7 ( ! maximum am\nt all[$ z a    
d$uction "u section #bbd7;b7 = ! taxable
 ye> ov] ! am\nt contribut$ to ! acc\nts
 = ! taxable ye>4  7#b7 ,special rules  
,= purposes ( ?is subsection1 any       
contribution :i* is di/ribut$ out ( !   
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt 9 a di/ribution to :i* section   
#bbc7;e77#c7 applies %all be treat$ z an

 am\nt n contribut$4  4  7c7            
,application ( prohibit$ transaction    
rules  7#a7 ,9 g5]al ,section           
#dige7;e77#a7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ or at ! end (
 subp>agraph 7,f71 by r$esignat+        
subp>agraph 7,g7 z subp>agraph 7,h71 &  
by ins]t+ aft] subp>agraph 7,f7 ! foll[+
 new subp>agraph3  7,g7 a ,resid5tial   
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt       
describ$ 9 section #bbd1 or  4  7#b7    
,special rule ,section #dige7;c7 ( su*  
,code is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#h7 ,special rule =    
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nts ,an individual = ^: b5efit a    
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt 7)9 ! mean+ ( section #bbd7 is   
e/abli%$ %all be exempt f ! tax impos$  
by ?is section ) respect to any         
transaction conc]n+ su* acc\nt 7:i* w\ld
 o!rwise be taxable "u ?is section7 if1 

) respect to su* transaction1 ! acc\nt  
ceases to be a ,resid5tial ,em]g5cy     
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt by reason ( !   
application ( section #bbd7;d77#b7 to   
su* acc\nt4  4  7d7 ,con=m+ am5dm5ts    
7#a7 ,section #bf7;b77#b7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
& at ! end ( subp>agraph 7,y71 by /rik+ 
! p]iod at ! end ( subp>agraph 7,z7 &   
ins]t+ 1 &1 & by ins]t+ aft] subp>agraph
 7,y7 ! foll[+3  7,,aa7 section         
#bbd7;e77#d74  4  7#b7 ,section #fb7;a7 
( su* ,code is am5d$ by ins]t+ aft]     
p>agraph 7#ba7 ! foll[+ new p>agraph3   
7#bb7 ,resid5tial ,em]g5cy              
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nt ,! d$uction     
all[$ by section #bbd4  4  7#c7 ,section
 #afe7;h7 ( su* ,code is am5d$ by add+  
at ! end ! foll[+ new p>agraph3  7#f7   
,coord9ation ) exp5ditures f ,,ready    
acc\nts ,no d$uction %all be all[$ )    
respect to any loss describ$ 9          
subsection 7a77#c7 to ! ext5t ! taxpay] 

has made an exp5diture f a ,resid5tial  
,em]g5cy ,asset-accumulation ,def]r$    
,taxation ,yield 7,,ready7 acc\nt 7z    
def9$ 9 section #bbd7 :i* is tak5 into  
acc\nt "u section #bbd7;c77#b77;,c7 z a 
co/ ) respect to su* loss4  4  7#d7     
,section #hgg;,a ( su* ,code is am5d$-- 
7,a7 9 subsection 7e77#b7 by ins]t+ a   
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nt 7z def9$ 9 section #bbd71 aft] a 
heal? sav+s acc\nt 7z def9$ 9 section   
#bbc711 &  7,b7 9 subsection 7g77#f7 by 
ins]t+ #bbd7;e77#d71 aft] #bbc7;f77#d714
  7#e7 ,section #ffic7;a77#b7 ( su*     
,code is am5d$ by /rik+ & at ! end (    
subp>agraph 7,e71 by /rik+ ! p]iod at ! 
end ( subp>agraph 7,f7 & ins]t+ 1 &1 &  
by ins]t+ aft] subp>agraph 7,f7 ! foll[+
 new subp>agraph3  7,g7 section #bbd7;f7
 7relat+ to ,resid5tial ,em]g5cy        
,asset-accumulation ,def]r$ ,taxation   
,yield 7,,ready7 acc\nts74  4  7#f7 ,!  
table ( sections = "p ,,vii ( sub*apt]  
,b ( *apt] #a ( su* ,code is am5d$      

r$esignat+ ! item relat+ to section #bbd
 z relat+ to section #bbe & by ins]t+   
aft] ! item relat+ to section #bbc !    
foll[+ new item3  ,sec4 #bbd4           
,resid5tial ,em]g5cy ,asset-accumulation
 ,def]r$ ,taxation ,yield 7,,ready7     
acc\nts4  4  7e7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbd4