,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #fcij  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #c1 #bjbe,mr4
 ,gomez 7= himself1 ,ms4 ,norton1 ,mr4  
,c>t] ( ,l\isiana1 ,ms4 ,sal9as1 ,mr4   
,g>cia ( ,cali=nia1 ,mr4 ,%]man1 ,mr4   
,?ompson ( ,cali=nia1 ,mr4 ,g>ca (      
,ill9ois1 ,mr4 ,goldman ( ,new ,york1   
,ms4 ,g>cia ( ,texas1 ,mr4 ,cisn]os1    
,ms4 ,ans>i1 ,mr4 ,ruiz1 ,ms4 ,rivas1   
,mr4 ,?an$>1 ,ms4 ,b>ragn1 ,mr4 ,davis (
 ,ill9ois1 ,ms4 ,sn*ez1 ,mr4 ,c>son1    
,mr4 ,v>gas1 ,mr4 ,c>bajal1 ,ms4 ,*u1   
,ms4 ,matsui1 ,mr4 ,lieu1 ,ms4 ,wass]man
 ,s*ultz1 ,mrs4 ,beatty1 ,mr4 ,jackson (
 ,ill9ois1 ,ms4 ,jacobs1 ,mr4 ,deluzio1 
,mr4 ,swalwell1 ,mr4 ,evans (           
,p5nsylvania1 ,mr4 ,licc>do1 ,ms4       
,simon1 ,ms4 ,lee ( ,p5nsylvania1 ,mr4  
,mc,govern1 ,mrs4 ,ramirez1 ,ms4 ,dext]1
 ,mr4 ,mull91 ,ms4 ,leg] ,f]n&ez1 ,mrs4 
,mc,iver1 ,mr4 ,m55dez1 ,mr4            
,kri%namoor?i1 ,mr4 ,coh51 ,ms4 ,titus1 
,ms4 ,r&all1 ,mr4 ,veasey1 ,mr4 ,pet]s1 
,mr4 ,johnson ( ,georgia1 ,mr4 ,pocan1  

,mr4 ,nadl]1 ,ms4 ,kelly ( ,ill9ois1    
,mr4 ,boyle ( ,p5nsylvania1 ,ms4 ,dean (
 ,p5nsylvania1 ,ms4 ,kamlag]-,dove1 ,mr4
 ,fro/1 ,mrs4 ,watson ,coleman1 ,ms4    
,br[nley1 ,mr4 ,latim]1 ,mr4 ,soto1 ,ms4
 ,bal9t1 ,mrs4 ,mc,clain ,delaney1 &    
,ms4 ,s*ak[sky7 introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means1 & 9 addition to ! ,committees  
on ,arm$ ,s]vices1 ,homel& ,security1 & 
! ,judici>y1 = a p]iod to be subsequ5tly
 det]m9$ by ! ,speak]1 9 ea* case =     
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to resc9d c]ta9 immigration   
en=cem5t funds & am5d ! ,int]nal ,rev5ue
 ,code to provide = new cr$its relat$ to
 exp&+ access to h\s+4  #a4 ,%ort title 
,?is ,act may be cit$ z ! ,make ,h\s+   
,af=dable & ,def5d ,democracy ,act4  #b4
 ,rescissions ( c]ta9 immigration       
en=cem5t funds  7a7 ,f9d+s ,congress    
f9ds t ! am\nt ( #age1ffj1fcj1jjj4jj    
%all be resc9d$4  7b7 ,dep>tm5t (       
,def5se ,!re is p]man5tly resc9d$       

#a1jjj1jjj1jjj4jj1 to be d]iv$ f !      
unobligat$ balances ( am\nts made       
available by section #bjjaa ( ! ,act    
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 ( ! = improv+ ,dep>tm5t (     
,def5se bord] support & c\nt]- drug     
missions4  7c7 ,infra/ructure & wall    
sy/em ,!re is p]man5tly resc9d$         
#df1eej1jjj1jjj4jj1 to be d]iv$ f !     
unobligat$ balances ( am\nts made       
available by section #ijjja ( ! ,act    
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = bord] infra/ructure & wall  
sy/em4  7d7 ,u4,s4 ,cu/oms & ,bord]     
,protection p]sonnel ,!re is p]man5tly  
resc9d$ #d1ajj1jjj1jjj4jj1 to be d]iv$ f
 ! unobligat$ balances ( am\nts made    
available by section #ijjjb7;a77#a7 ( ! 
,act titl$ ,an ,act to provide =        
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       

#aai-ba71 = ,u4,s4 ,cu/oms & ,bord]     
,protection p]sonnel4  7e7 ,ret5tion1   
hir+1 & p]=mance bonuses ,!re is        
p]man5tly resc9d$ #b1jeb1fcj1jjj4jj1 to 
be d]iv$ f ! unobligat$ balances (      
am\nts made available by section        
#ijjjb7;a77#b7 ( ! ,act titl$ ,an ,act  
to provide = reconciliation pursuant to 
title ,,ii ( ,h4 ,con4 ,res4 #ad        
7,public ,law #aai-ba71 = ret5tion1     
hir+1 & p]=mance bonuses ( ,u4,s4       
,cu/oms & ,bord] ,protection p]sonnel4  
7f7 ,u4,s4 ,cu/oms & ,bord] ,protection 
vehicles ,!re is p]man5tly resc9d$      
#hee1jjj1jjj4jj1 to be d]iv$ f !        
unobligat$ balances ( am\nts made       
available by section #ijjjb7;a77#c7 ( ! 
,act titl$ ,an ,act to provide =        
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ,u4,s4 ,cu/oms & ,bord]     
,protection vehicles4  7g7 ,u4,s4       
,cu/oms & ,bord] ,protection facilities 
,!re is p]man5tly resc9d$               
#e1jjj1jjj1jjj4jj1 to be d]iv$ f !      

unobligat$ balances ( am\nts made       
available by section #ijjjb7;a77#d7 ( ! 
,act titl$ ,an ,act to provide =        
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ,u4,s4 ,cu/oms & ,bord]     
,protection facilities4  7h7 ,det5tion  
capacity ,!re is p]man5tly resc9d$      
#de1jjj1jjj1jjj4jj1 to be d]iv$ f !     
unobligat$ balances ( am\nts made       
available by section #ijjjc ( ! ,act    
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = det5tion capacity4  7i7     
,bord] ,security1 ,te*nology1 ,& ,scre5+
 ,!re is p]man5tly resc9d$              
#f1afh1jjj1jjj4jj1 to be d]iv$ f !      
unobligat$ balances ( am\nts made       
available by section #ijjjd ( ! ,act    
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = bord] security1 te*nology1 &
 scre5+4  7j7 ,/ate & local assi/ance   

,!re is p]man5tly resc9d$               
#aj1jjj1jjj1jjj4jj1 to be d]iv$ f !     
unobligat$ balances ( am\nts made       
available by section #ijjje7;b7 ( ! ,act
 titl$ ,an ,act to provide =            
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ! ,/ate ,bord] ,security    
,re9=cem5t ,fund4  7k7 ,dep>tm5t (      
,homel& ,security ,!re is p]man5tly     
resc9d$ #aj1jjj1jjj1jjj4jj1 to be d]iv$ 
f ! unobligat$ balances ( am\nts made   
available by section #ijjjg ( ! ,act    
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ,dep>tm5t ( ,homel&         
,security appropriations = bord]        
support4  7l7 ,immigration & law        
en=cem5t activities ,!re is p]man5tly   
resc9d$ #b1jee1jjj1jjj4jj1 to be d]iv$ f
 ! unobligat$ balances ( am\nts made    
available by section #ajjjea ( ! ,act   
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 

,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = immigration & law en=cem5t  
activities4  7m7 ,hir+ & tra9+ ,!re is  
p]man5tly resc9d$ #bi1hej1jjj1jjj4jj1 to
 be d]iv$ f ! unobligat$ balances (     
am\nts made available by section #ajjjeb
 ( ! ,act titl$ ,an ,act to provide =   
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ,u4,s4 ,immigration &       
,cu/oms ,en=cem5t hir+ & tra9+4  7n7    
,f$]al law en=cem5t tra9+ c5t]s ,!re is 
p]man5tly resc9d$ #gej1jjj1jjj4jj1 to be
 d]iv$ f ! unobligat$ balances ( am\nts 
made available by section #ajjjec ( !   
,act titl$ ,an ,act to provide =        
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ,f$]al law en=cem5t tra9+   
c5t]s4  7o7 ,dep>tm5t ( ,ju/ice ,!re is 
p]man5tly resc9d$ #c1ccj1jjj1jjj4jj1 to 
be d]iv$ f ! unobligat$ balances (      
am\nts made available by section #ajjjed
 ( ! ,act titl$ ,an ,act to provide =   
reconciliation pursuant to title ,,ii ( 

,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ! ,dep>tm5t ( ,ju/ice4  7p7 
,reimbursem5t fund ,!re is p]man5tly    
resc9d$ #c1ejj1jjj1jjj4jj1 to be d]iv$ f
 ! unobligat$ balances ( am\nts made    
available by section #ajjjee ( ! ,act   
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ! ,bridg+ immigration-relat$
 deficits exp]i5c$ nationwide           
reimbursem5t fund4  7q7 ,immigration    
fees ,sections #ajjjja ?r\gh section    
#ajjjah ( ! ,act titl$ ,an ,act to      
provide = reconciliation pursuant to    
title ,,ii ( ,h4 ,con4 ,res4 #ad        
7,public ,law #aai-ba71 are h]eby       
repeal$4  7r7 ,op]ation ,/oneg>d5 ,grant
 ,program ,!re is p]man5tly resc9d$     
#dej1jjj1jjj4jj1 to be d]iv$ f !        
unobligat$ balances ( am\nts made       
available by section #ijjje ( ! ,act    
titl$ ,an ,act to provide =             
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       

#aai-ba71 = ! ,op]ation ,/oneg>d5 ,grant
 ,program4  7s7 ,bureau ( ,prisons ,!re 
is p]man5tly resc9d$ #e1jjj1jjj1jjj4jj1 
to be d]iv$ f ! unobligat$ balances (   
am\nts made available by section #ajjjef
 ( ! ,act titl$ ,an ,act to provide =   
reconciliation pursuant to title ,,ii ( 
,h4 ,con4 ,res4 #ad 7,public ,law       
#aai-ba71 = ! ,bureau ( ,prisons4  #c4  
,fir/-"t ,homebuy] cr$it  7a7 ,9 g5]al  
,section #cf ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ to read z foll[s3  #cf4
 ,fir/-"t homebuy] cr$it  7a7 ,9 g5]al  
,9 ! case ( an individual :o is a       
fir/-"t homebuy] ( a pr9cipal resid5ce 9
 ! ,unit$ ,/ates dur+ a 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 s mu* ( ! am\nt ( !  
qualifi$ home pur*ase exp5ses paid by   
su* taxpay] to pur*ase su* pr9cipal     
resid5ce z does n exce$ #be1jjj4  7b7   
,limitation  7#a7 ,9 g5]al ,! am\nt     
all[able z a cr$it "u subsection 7a7    
7det]m9$ )\t reg>d to ?is p>agraph7 = ! 

taxable ye> %all be r$uc$ 7b n bel[ z]o7
 by ! am\nt :i* be>s ! same ratio to !  
am\nt :i* is s all[able z-- 7,a7 !      
excess 7if any7 (-- 7i7 ! taxpay]'s     
modifi$ adju/$ gross income = ! prec$+  
taxable ye>1 ov]  7ii7 ! applicable     
?re%old am\nt1 be>s to--  7,b7 #ajj1jjj4
  7#b7 ,?re%old am\nt ,= purposes ( ?is 
subsection1 ! t]m ?re%old am\nt means-- 
7,a7 #cjj1jjj 9 ! case ( a jo9t return  
or surviv+ sp\se1  7,b7 #bbe1jjj 9 !    
case ( a head ( h\sehold1 or  7,c7      
#aej1jjj 9 ! case ( any o!r individual4 
7#c7 ,modifi$ adju/$ gross income ,=    
purposes ( p>agraph 7#a71 ! t]m modifi$ 
adju/$ gross income means ! adju/$ gross
 income ( ! taxpay] = ! taxable ye>     
increas$ by any am\nt exclud$ f gross   
income "u section #iaa1 #ica1 or #icc4  
7c7 ,increase 9 cr$it = fir/-g5]ation   
homebuy]  7#a7 ,9 g5]al ,9 ! case ( a   
fir/-g5]ation homebuy]1 subsection 7a7  
%all be appli$ by sub/itut+ #ej1jjj =   
#be1jjj4  7#b7 ,fir/-g5]ation homebuy]  
,= purposes ( ?is subsection1 ! t]m     

fir/-g5]ation homebuy] means an         
individual :o c]tifies t1 z ( ! la/ day 
( ! taxable ye> ) respect to :i* ! cr$it
 is all[$ 7det]m9$ )\t reg>d to any     
own]%ip int]e/ ) respect to :i* su*     
cr$it is all[$71 su* individual 7& su*  
individual's sp\se1 9 ! case ( a jo9t   
return7 is an individual describ$ 9     
p>agraph 7#c74  7#c7 ,individual        
describ$ ,an individual is describ$ 9   
?is p>agraph if-- 7,a7 su* individual   
ag$ out ( ! fo/] c>e sy/em1  7,b7 su*   
individual 0 emancipat$ f _! p>5t1 or   
7,c7 no p>5t ( su* individual _h a      
majority int]e/ 9 a resid5tial prop]ty  
at any "t dur+ ! lifetime ( su*         
individual4  7d7 ,increase 9 cr$it =    
high co/ areas ,9 ! case ( ! pur*ase ( a
 pr9cipal resid5ce locat$ 9 a high co/  
area 7z su* t]m is us$ 9 ! ,f$]al       
,national ,mortgage ,association ,*>t]  
,act71 ! am\nt 9 effect "u subsection   
7a7 7aft] ! application ( subsection    
7j77 %all be increas$ by an am\nt equal 
to ! product (-- 7#a7 #c4e p]c5t1       

multipli$ by  7#b7 ! excess (-- 7,a7 !  
con=m+ loan limit value = prop]ties 9   
high co/ areas e/abli%$ "u #cjb7;b77#b7 
( ! ,f$]al ,national ,mortgage          
,association ,*>t] ,act1 m9us  7,b7 !   
con=m+ loan limit value = prop]ties     
e/abli%$ "u section #cje7;a77#b7 ( !    
,f$]al ,home ,loan ,mortgage            
,corporation ,act1 z mo/ rec5tly updat$ 
by ! ,f$]al ,h\s+ ,f9ance ,ag5cy4  7e7  
,exceptions ,no cr$it "u subsection 7a7 
%all be all[$ to any taxpay] = any      
taxable ye> ) respect to ! pur*ase ( a  
resid5ce if-- 7#a7 ! taxpay] is a       
nonresid5t ali51  7#b7 ! taxpay]        
disposes ( su* resid5ce 7or su* resid5ce
 ceases to be ! pr9cipal resid5ce ( !   
taxpay] 7&1 if m>ri$1 ! taxpay]'s       
sp\se77 be=e ! close ( su* taxable ye>1 
7#c7 a d$uction "u section #aea )       
respect to su* taxpay] is all[able to   
ano!r taxpay] = su* taxable ye>1 or     
7#d7 ! taxpay] fails to atta* to !      
return ( tax = su* taxable ye> a prop]ly
 execut$ copy ( ! settlem5t /atem5t us$ 

to complete su* pur*ase4  7f7 ,election 
= advanc$ paym5t  7#a7 ,9 g5]al ,at !   
election ( ! fir/-"t homebuy]1 !        
,secret>y %all transf] to a qualify+    
escr[ acc\nt an am\nt equal to ! am\nt t
 is all[able to su* fir/-"t homebuy] "u 
subsection 7a7 9 ! pres5t taxable ye>4  
7#b7 ,treatm5t ( transf] ,! am\nt ( !   
cr$it all[$ "u subsection 7a7 to any    
taxpay] = any taxable ye> %all be r$uc$ 
7b n bel[ z]o7 by ! aggregate am\nt (   
paym5ts made "u ?is subsection at !     
election ( su* taxpay] dur+ su* taxable 
ye>4 ,any failure to s r$uce ! cr$it    
%all be treat$ z aris+ out ( a          
ma!matical or cl]ical error & assess$   
accord+ to section #fbac7;b77#a74  7#c7 
,qualify+ escr[ acc\nt ,= purposes ( ?is
 subsection1 ! t]m qualify+ escr[ acc\nt
 means an escr[ acc\nt e/abli%$ = !     
pur*ase ( a pr9cipal resid5ce by a      
qualifi$ fir/-"t homebuy] t meets !     
foll[+ requirem5ts3 7,a7 ,am\nts 9 su*  
acc\nt may only be us$ = a d[n paym5t or
 clos+ co/s on a pur*ase ) respect to   

:i* a cr$it is all[$ "u subsection 7a74 
7,b7 ,su* acc\nt is adm9i/]$ by a bank  
7z def9$ 9 section #djh7n774  7,c7 ,!   
adm9i/rator ( ! acc\nt %all transf] to !
 ,secret>y any am\nt 9 su* acc\nt n us$ 
"u subp>agraph 7,a7 on ! e>li] (-- 7i7 !
 date t is #ahj days aft] ! date on :i* 
su* am\nt 0 transf]r$ to su* acc\nt "u  
p>agraph 7#a71 or  7ii7 z soon z        
practicable ^u reque/ ( ! qualifi$      
fir/-"t homebuy]4  7g7 ,recapture (     
cr$it  7#a7 ,9 g5]al ,if1 dur+ any      
taxable ye>1 !re is a recapture ev5t )  
respect to any prop]ty ) respect to :i* 
a cr$it 0 all[$ "u subsection 7a71 !n ! 
tax ( ! taxpay] to :om su* cr$it 0 all[$
 "u ?is *apt] = su* taxable ye> %all be 
increas$ by an am\nt equal to ! am\nt ( 
! cr$it t 0 all[$ ) respect to su*      
prop]ty4  7#b7 ,recapture ev5t ,=       
purposes ( ?is section1 ! t]m recapture 
ev5t means1 dur+ ! #e-ye> p]iod beg9n+  
on ! date ( ! pur*ase ) respect to :i* a
 cr$it 0 all[$ "u subsection 7a7-- 7,a7 
! sale1 lease to a ?ird p>ty1 or        

disposition ( any "p ( ! prop]ty )      
respect to :i* su* cr$it 0 all[$1 or    
7,b7 su* prop]ty ceases to be ! pr9cipal
 resid5ce ( ! taxpay] 7or1 9 ! case ( a 
jo9t return1 ( ! taxpay]'s sp\se74  7#c7
 ,exceptions ,p>agraph 7#a7 %all n apply
 to any ( ! foll[+3 7,a7 ,pur*ase ( new 
prim>y resid5ce  7i7 ,9 g5]al ,a sale ( 
a prop]ty ) respect to :i* a cr$it 0    
all[$ "u subsection 7a7 :i* is incid5t  
to ! pur*ase by a taxpay] ( a new prim>y
 resid5ce if ! proce$s ( su* sale are   
us$ to c>ry out ! pur*ase ( su* new     
prim>y resid5ce4  7ii7 ,treatm5t ( new  
prim>y resid5ce ,9 ! case ( a pur*ase ( 
a prim>y resid5ce describ$ 9 clause 7i71
 = purposes ( p>agraph 7#a71 su* prim>y 
resid5ce %all be treat$ z a prop]ty )   
respect to :i* a cr$it 0 all[$ "u       
subsection 7a71 except t ! p]iod        
describ$ 9 p>agraph 7#b7 %all beg9 on ! 
date on :i* ! orig9al pur*ase ) respect 
to :i* ! cr$it 0 all[$ "u subsection 7a7
 occurr$4  7,b7 ,dea? ,any taxable ye>  
end+ aft] ! dea? ( ! taxpay] 7or1 9 !   

case ( a jo9t return1 ( ! sp\se ( !     
taxpay]74  7,c7 ,divorce ,a transf] ( a 
resid5ce to :i* section #ajda7;a7       
applies4  7,d7 ,gov]nm5t ord]s ,a       
recapture ev5t relat+ to a pr9cipal     
resid5ce occurr+ 9 connection )         
,gov]nm5t ord]s receiv$ by su*          
individual1 or su* individual's sp\se1 =
 qualifi$ (ficial ext5d$ duty s]vice4   
7,e7 ,qualifi$ ,(ficial ,ext5d$ ,duty   
,s]vice ,= purposes ( ?is p>agraph1 !   
t]m qualifi$ (ficial ext5d$ duty s]vice 
means s]vice on qualifi$ (ficial ext5d$ 
duty z-- 7i7 a memb] ( ! uni=m$ s]vices1
  7ii7 a memb] ( ! ,=eign ,s]vice ( !   
,unit$ ,/ates1 or  7iii7 an employee ( !
 intellig5ce community4  7h7 ,def9itions
 ,= purposes ( ?is section-- 7#a7       
,fir/-"t homebuy] ,! t]m fir/-"t        
homebuy] means any individual if su*    
individual 7& if m>ri$1 su* individual's
 sp\se7-- 7,a7 _h no pres5t own]%ip     
int]e/ 9 a pr9cipal resid5ce dur+ !     
#aj-ye> p]iod end+ on ! date ( ! pur*ase
 ( ! pr9cipal resid5ce to :i* ?is       

section applies1  7,b7 has n be5 all[$ a
 cr$it "u subsection 7a7 = any prec$+   
taxable ye>1 &  7,c7 atte/s t su*       
individual 7& if m>ri$1 su* individual's
 sp\se7 has nev] _h a majority int]e/ 9 
a resid5tial prop]ty4  7#b7 ,pr9cipal   
resid5ce ,! t]m pr9cipal resid5ce has ! 
same mean+ z :5 us$ 9 section #aba4     
7#c7 ,pur*ase  7,a7 ,9 g5]al ,! t]m     
pur*ase means any acquisition1 b only   
if-- 7i7 ! prop]ty is pur*as$ us+ a     
mortgage loan f a comm]cial l5d]1  7ii7 
! prop]ty is n acquir$ f a p]son relat$ 
to ! p]son acquir+ su* prop]ty 7or1 if  
m>ri$1 su* individual's sp\se71 &  7iii7
 ! basis ( ! prop]ty 9 ! h&s ( ! p]son  
acquir+ su* prop]ty is n det]m9$-- 7,i7 
9 :ole or 9 "p by ref]5ce to ! adju/$   
basis ( su* prop]ty 9 ! h&s ( ! p]son f 
:om acquir$1 or  7,,ii7 "u section      
#ajad7;a74  7,b7 ,con/ruction ,a        
resid5ce :i* is con/ruct$ by ! taxpay]  
%all be treat$ z pur*as$ by ! taxpay] on
 ! date ! taxpay] fir/ occupies su*     
resid5ce4  7,c7 ,gu>ante$ loans includ$ 

,a loan %all n fail to be treat$ z a    
mortgage loan f a comm]cial l5d] "u     
subp>agraph 7,a77i7 m]ely because su*   
loan is gu>ante$ "u section #ahd ( !    
,h\s+ & ,community ,developm5t ,act (   
#aiib4  7#d7 ,qualifi$ home pur*ases    
exp5ses ,! t]m qualifi$ home pur*ase    
exp5ses means am\nts paid =-- 7,a7 a d[n
 paym5t on ! pur*ase ( a home1 &  7,b7  
clos+ co/s ) respect to su* pur*ase4    
7#e7 ,relat$ p]sons ,a p]son %all be    
treat$ z relat$ to ano!r p]son if !     
relation%ip betwe5 su* p]sons w\ld      
result 9 ! disall[ance ( losses "u      
section #bfg or #gjg7;b7 7b1 9 apply+   
section #bfg7;b7 & 7c7 = purposes ( ?is 
section1 p>agraph 7#d7 ( section        
#bfg7;c77#d7 %all be treat$ z provid+ t 
! family ( an individual %all include   
only 8 sp\se1 ance/ors1 & l9eal         
desc5dants74  7i7 ,basis adju/m5t ,=    
purposes ( ?is subtitle1 if a cr$it is  
all[$ "u ?is section 9 connection ) any 
exp5diture = any prop]ty1 ! increase 9 !
 basis ( su* prop]ty :i* w\ld 7b = ?is  

subsection7 result f su* exp5diture %all
 be r$uc$ by ! am\nt ( ! cr$it s        
det]m9$4  7j7 ,inflation adju/m5t  7#a7 
,9 g5]al 9 ! case ( any taxable ye>     
beg9n+ aft] #bjbe1 ! doll> am\nts 9 ?is 
section %all be increas$ 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 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjbd = 
cal5d> ye> #bjaf 9 subp>agraph 7,a77ii74
  7#b7 ,r\nd+ ,if any increase "u       
p>agraph 7#a7 is n a multiple ( #ajj1   
su* increase %all be r\nd$ to ! ne>e/   
multiple ( #ajj4  7k7 ,report+  7#a7 ,9 
g5]al ,if ! ,secret>y requires in=mation
 report+ "u section #fjde by a p]son    
describ$ 9 subsection 7e77#b7 !re( to   
v]ify ! eligibility ( taxpay]s = ! cr$it
 all[able by ?is section1 ! exception   
provid$ by section #fjde7;e7 %all n     
apply4  7#b7 ,in=mation f l5d] ,!       
,secret>y may require any l5d] issu+ a  
loan = ! pur*ase ( a prop]ty ) respect  

to :i* a cr$it is all[$ "u subsection   
7a7 or ) respect to :i* a fir/-"t       
homebuy] has made a reque/ = a transf]  
"u subsection 7f77#a7 to provide su*    
in=mation relat+ to ! relat$ pur*ase z !
 ,secret>y det]m9es appropriate4  7l7   
,regulations ,! ,secret>y %all issue su*
 regulations or o!r guidance z may be   
necess>y or appropriate to c>ry out !   
purposes ( ?is section4  4  7b7         
,effective date ,! am5dm5t made by ?is  
section %all apply to resid5ces pur*as$ 
9 taxable ye>s beg9n+ aft] ! date ( !   
enactm5t ( ?is ,act4  #d4 ,/>t] home    
con/ruction cr$it  7a7 ,9 g5]al ,subp>t 
,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by add+ at ! end ! foll[+ new     
section3  #de;,,bb4 ,/>t] home          
con/ruction cr$it  7a7 ,9 g5]al ,= !    
purposes ( section #ch1 ! />t] home     
con/ruction cr$it det]m9$ "u ?is section
 = any taxable ye> is an am\nt equal to 
#ae p]c5t ( ! qualifi$ home con/ruction 
co/s ( ! taxpay] = ! taxable ye>4  7b7  

,limitation ,! am\nt all[able z a cr$it 
"u subsection 7a7 to any taxpay] = any  
taxable ye> %all n exce$ ! am\nt        
allocat$ to su* taxpay] = ! cal5d> ye> 9
 :i* su* taxable ye> ends "u subsection 
7e74  7c7 ,increase = fir/-"t homebuy]  
,9 ! case ( a unit ( h\s+ sold to a     
fir/-"t homebuy] 7z def9$ 9 section     
#cf7;g77#a771 subsection 7a7 %all be    
appli$ by sub/itut+ #cj p]c5t = #ae     
p]c5t4  7d7 ,qualifi$ home con/ruction  
co/s ,= purposes ( ?is section1 ! t]m   
qualifi$ home con/ruction co/s means1 ) 
respect to a taxable ye>1 am\nts paid or
 incurr$ by ! taxpay] = labor & mat]ial 
co/s to con/ruct a unit ( h\s+ plac$ 9  
s]vice dur+ su* taxable ye>-- 7#a7 !    
total squ>e footage ( :i* does n exce$  
#abjj feet1 &  7#b7 ! sale price ( :i*  
does n exce$ #hj p]c5t ( ! area m$ian   
home price4  7e7 ,/ate allocation  7#a7 
,9 g5]al ,! aggregate />t] home         
con/ruction cr$it doll> am\nt :i* a h\s+
 cr$it ag5cy may allocate = any cal5d>  
ye> is ! portion ( ! ,/ate />t] home    

con/ruction cr$it ceil+ allocat$ "u ?is 
subsection = su* cal5d> ye> to su*      
ag5cy4  7#b7 ,/ate ceil+ initially      
allocat$ to ,/ate h\s+ cr$it ag5cies ,! 
,/ate />t] home con/ruction cr$it ceil+ 
= ea* cal5d> ye> %all be allocat$ to !  
h\s+ cr$it ag5cy ( su* ,/ate4 ,if !re is
 m ?an #a h\s+ cr$it ag5cy ( a ,/ate1   
all su* ag5cies %all be treat$ z a s+le 
ag5cy4  7#c7 ,/ate />t] home con/ruction
 cr$it ceil+ ,= purposes ( ?is          
subsection1 ! ,/ate />t] home           
con/ruction cr$it ceil+ applicable to   
any ,/ate = any cal5d> ye> %all be an   
am\nt equal to #cj multipli$ by !       
population ( ! ,/ate 7det]m9$ 9         
accordance ) section #adf7;j774  7#d7   
,reallocation ( unus$ />t] home         
con/ruction cr$it am\nts among ,/ates   
7,a7 ,9 g5]al ,! unus$ />t] home        
con/ruction cr$it am\nt ( a ,/ate = any 
cal5d> ye> %all be assign$ by !         
,secret>y = allocation among qualifi$   
,/ates = ! succe$+ cal5d> ye>4  7,b7    
,unus$ />t] home con/ruction cr$it am\nt

 ,= purposes ( ?is p>agraph1 ! unus$    
/>t] home con/ruction cr$it am\nt ( a   
,/ate = any cal5d> ye> is ! excess 7if  
any7 (-- 7i7 ! aggregate am\nt allocat$ 
to su* ,/ate = su* ye> "u ?is           
subsection1 ov]  7ii7 ! aggregate />t]  
home con/ruction cr$it doll> am\nt      
allocat$ = su* ye>4  7,c7 ,=mula =      
allocation ( unus$ />t] home con/ruction
 cr$it am\nts among qualifi$ ,/ates ,!  
am\nt allocat$ "u ?is p>agraph to a     
qualifi$ ,/ate = any cal5d> ye> %all be 
! am\nt det]m9$ by ! ,secret>y to be> ! 
same ratio to ! aggregate unus$ />t]    
home con/ruction cr$it am\nts ( all     
,/ates = ! prec$+ cal5d> ye> z su*      
,/ate's population = ! cal5d> ye> be>s  
to ! population ( all qualifi$ ,/ates = 
! cal5d> ye>4 ,= purposes ( ! prec$+    
s5t5ce1 population %all be det]m9$ 9    
accordance ) section #adf7;j74  7,d7    
,qualifi$ ,/ate ,= purposes ( ?is       
p>agraph1 ! t]m qualifi$ ,/ate means1 ) 
respect to a cal5d> ye>1 any ,/ate-- 7i7
 :i* allocat$ its entire ,/ate />t] home

 cr$it ceil+ = ! prec$+ cal5d> ye>1 &   
7ii7 :i* reque/s 7n lat] ?an ,may #a ( !
 cal5d> ye>7 an allocation "u           
subp>agraph 7,c74  7,e7 ,secret>ial     
waiv] ,! ,secret>y may issue a waiv] if 
! ,secret>y det]m9es su* waiv] w s]ve ! 
purposes ( ?is section to all[ su*      
portion ( ! ,/ate />t] home cr$it ceil+ 
( any ,/ate = any cal5d> ye> z 0        
allocat$ to su* ,/ate "u p>agraph 7#c7 =
 su* cal5d> ye> 7det]m9$ )\t reg>d to   
?is p>agraph7-- 7i7 to be treat$ z      
allocat$ to su* ,/ate = ! foll[+ cal5d> 
ye> "u su* p>agraph1 &  7ii7 to n be    
treat$ z unus$ />t] home con/ruction    
cr$it am\nt ( su* ,/ate = purposes ( ?is
 p>agraph4  7#e7 ,c]tificate ( occupancy
 requir$ ,! ,/ate />t] home con/ruction 
cr$it ceil+ det]m9$ "u p>agraph 7#c7 =  
any cal5d> ye> %all be r$uc$ by ! am\nt 
equal to #ej p]c5t ( ! am\nt (          
allocations made "u ?is subsection by   
su* ,/ate's h\s+ cr$it ag5cy dur+ !     
second prec$+ cal5d> ye> to con/ruct    
h\s+ ) respect to :i* no c]tificate (   

occupancy has be5 issu$4  7#f7 ,h\s+    
cr$it ag5cy ,= purposes ( ?is           
subsection1 ! t]m h\s+ cr$it ag5cy has !
 mean+ giv5 9 section #db7;h77#h77;,a74 
7f7 ,tribal allocation  7#a7 ,9 g5]al ,!
 aggregate />t] home con/ruction cr$it  
doll> am\nt :i* an ,indian ,tribal      
,gov]nm5t may allocate = any cal5d> ye> 
is ! portion ( ! aggregate ,indian />t] 
home con/ruction cr$it ceil+ allocat$ "u
 p>agraph 7#c7 = su* cal5d> ye> to su*  
,indian ,tribal ,gov]nm5t4  7#b7        
,aggregate ,indian />t] home con/ruction
 cr$it ceil+ ,! aggregate ,indian />t]  
home con/ruction cr$it ceil+ = any      
cal5d> ye> %all be ! greate/ (-- 7,a7   
#cj multipli$ by total numb] ( enroll$  
citiz5s ( all ,tribes e/imat$ by !      
,secret>y ( ! ,int]ior ) respect to su* 
cal5d> ye>1  7,b7 9 ! case ( a cal5d>   
ye> beg9n+ aft] ! fir/ cal5d> ye> )     
respect to :i* an am\nt 0 det]m9$ "u    
subsection 7e77#c71 ! l[e/ am\nt det]m9$
 ) respect to any ,/ate 9 ! prec$+      
cal5d> ye> "u su* subsection1 or  7,c7  

#cj1jjj1jjj4  7#c7 ,allocation (        
aggregate among ,tribes  7,a7 ,9 g5]al  
,n lat] ?an #a ye> aft] ! date ( !      
enactm5t ( ! ,am]ican ,home[n]%ip       
,opportunity ,act ( #bjbe1 ! ,secret>y (
 ! ,treasury1 9 consultation ) !        
,secret>y ( ! ,int]ior & repres5tatives 
( su* ,indian ,tribal ,gov]nm5ts z      
adm9i/] qualifi$ ,indian l&s & reque/ to
 p>ticipate 9 su* consultation1 %all    
det]m9e an appropriate process to       
allocate ! aggregate ,indian />t] home  
con/ruction cr$it ceil+ among eligible  
,indian ,tribal ,gov]nm5ts = ea* cal5d> 
ye>4  7,b7 ,revision ,! ,secret>y1 9    
consultation ) ! ,secret>y ( ! ,int]ior 
& repres5tatives ( su* ,indian ,tribal  
,gov]nm5ts z adm9i/] qualifi$ ,indian   
l&s & reque/ to p>ticipate 9 su*        
consultation1 %all evaluate ! process   
e/abli%$ "u subp>agraph 7,a7 n less     
frequ5tly ?an e #e ye>s & may make su*  
*anges to su* process z su* ,secret>y1  
aft] su* consultation1 det]m9es         
appropriate to fur!r ! purposes ( ?is   

section4  7#d7 ,int]tribal consortia ,"u
 regulations prescrib$ by ! ,secret>y1  
an ,indian ,tribal ,gov]nm5t 7or        
p>tn]%ip ( ,indian ,tribal ,gov]nm5ts7  
may au?orize an int]tribal consortium1  
an organization1 or an ,alaska ,native  
regional or village corporation1 z def9$
 91 or e/abli%$ pursuant to1 ! ,alaska  
,native ,claims ,settlem5t ,act1 to plan
 =1 coord9ate or o!rwise adm9i/]        
s]vices1 f9ances1 functions1 or         
activities on behalf ( su* ,gov]nm5t "u 
?is subsection1 except t ! au?oriz$     
entity %all h ! rights &                
responsibilities ( ! au?oriz+ ,indian   
,tribal ,gov]nm5t 7or ,indian ,tribal   
,gov]nm5ts7 only to ! ext5t provid$ 9 ! 
au?oriz+ resolution4  7#e7 ,def9itions  
,= purposes ( ?is subsection-- 7,a7     
,qualifi$ ,indian l&s ,! t]m qualifi$   
,indian l&s means-- 7i7 ,indian l&s )9 !
 mean+ ( section #bi7;j77#h7 ( !        
,/ev5son-,wydl] ,te*nology ,innovation  
,act ( #aihj1  7ii7 l& held 9 fee simple
 by an ,indian ,tribal ,gov]nm5t1  7iii7

 l& held by incorporat$ ,native gr\ps1  
regional corporations1 & village        
corporations "u ! provisions ( ! ,alaska
 ,native ,claims ,settlem5t ,act1 &     
7iv7 ,hawaiian ,home ,l&s 7z def9$ 9    
section #hja ( ! ,native ,am]ican ,h\s+ 
,assi/ance & ,self-,det]m9ation ,act (  
#aiif74  7,b7 ,eligible ,indian ,tribal 
,gov]nm5t ,= purposes ( ?is subsection1 
! t]m eligible ,indian ,tribal ,gov]nm5t
 means1 ) respect to a cal5d> ye>1 an   
,indian ,tribal ,gov]nm5t t-- 7i7       
reque/s an allocation "u ?is subsection 
= su* cal5d> ye>1 &  7ii7 adm9i/]s      
qualifi$ ,indian l&s4  7,c7 ,indian     
,tribal ,gov]nm5t ,! t]m #8,indian      
,tribal ,gov]nm5t' means ! recogniz$    
gov]n+ body ( any ,indian or ,alaska    
,native tribe1 b&1 nation1 pueblo1      
village1 community1 compon5t b&1 or     
compon5t res]vation1 individually       
id5tifi$ 7includ+ p>5!tically7 pursuant 
to section #ajd ( ! ,f$]ally ,recogniz$ 
,indian ,tribe ,li/ ,act ( #aiid4  7g7  
,inflation adju/m5t  7#a7 ,9 g5]al ,9 ! 

case ( any taxable ye> beg9n+ aft]      
#bjbe1 ! doll> am\nts 9 subsection      
7e77#c7 & 7f77#b7 %all ea* 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 =
 ! cal5d> ye> 9 :i* ! taxable ye> beg9s1
 det]m9$ by sub/itut+ cal5d> ye> #bjbd =
 cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7
 !re(4  7#b7 ,r\nd+ ,if any increase "u 
subp>agraph 7,a7 is n a multiple ( #e1  
su* increase %all be r\nd$ to ! ne>e/   
multiple ( #e4  7h7 ,basis adju/m5t ,=  
purposes ( ?is subtitle1 if a cr$it is  
all[$ "u ?is section 9 connection ) any 
exp5diture = any prop]ty1 ! increase 9 !
 basis ( su* prop]ty :i* w\ld 7b = ?is  
subsection7 result f su* exp5diture %all
 be r$uc$ by ! am\nt ( ! cr$it s        
det]m9$4  7i7 ,regulations ,! ,secret>y 
%all issue su* regulations or o!r       
guidance z may be necess>y or           
appropriate to c>ry out ! purposes ( ?is
 section4  4  7b7 ,cr$it to be "p (     
g5]al bus9ess cr$it ,section #ch7;b7 (  

su* ,code is am5d$ by /rik+ plus at !   
end ( p>agraph 7#dj71 by /rik+ ! p]iod  
at ! end ( p>agraph 7#da7 & ins]t+ 1    
plus1 & by add+ at ! end ! foll[+ new   
p>agraph3  7#db7 ! />t] home con/ruction
 cr$it det]m9$ "u section #de;,,bb7a74  
4  7c7 ,cl]ical am5dm5t ,! table (      
sections = subp>t ,d ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #de;,,aa ! foll[+ new item3     
,sec4 #de;,,bb4 ,/>t] home con/ruction  
cr$it4  4  7d7 ,effective date ,!       
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date ( !  
enactm5t ( ?is section4  #e4 ,af=dable  
,h\s+ ,conv]sion ,cr$it  7a7 ,inve/m5t  
cr$it = conv]sion ( non-resid5tial      
build+s to af=dable h\s+  7#a7 ,9 g5]al 
,subp>t ,e ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( subtitle ,a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #dh;,e ! foll[+ new       
section3  #dh;,f4 ,af=dable h\s+        
conv]sion cr$it  7a7 ,all[ance ( cr$it  

,= purposes ( section #df1 ! af=dable   
h\s+ conv]sion cr$it = any taxable ye>  
is an am\nt equal to #bj p]c5t ( !      
qualifi$ conv]sion exp5ditures ( !      
taxpay] ) respect to a qualifi$ af=dable
 h\s+ build+ plac$ 9 s]vice by ! taxpay]
 dur+ ! taxable ye>4  7b7 ,qualifi$     
conv]sion exp5ditures ,= purposes ( ?is 
section-- 7#a7 ,9 g5]al ,! t]m qualifi$ 
conv]sion exp5ditures means1 ) respect  
to any qualifi$ af=dable h\s+ build+1   
any am\nt prop]ly *>geable to capital   
acc\nt-- 7,a7 = prop]ty = :i*           
depreciation is all[able "u section     
#afh1 &  7,b7 9 connection ) ! qualifi$ 
conv]sion ( a qualifi$ af=dable h\s+    
build+4  7#b7 ,c]ta9 exp5ditures n      
includ$ ,! t]m qualifi$ conv]sion       
exp5ditures does n include-- 7,a7       
,limitation on p]iod ( conv]sion ,except
 z provid$ 9 subsection 7f71 any am\nt  
paid or incurr$ o!r ?an dur+ ! #b-ye>   
p]iod end+ on ! date on :i* ! taxpay]   
places ! qualifi$ af=dable h\s+ build+ 9
 s]vice4  7,b7 ,co/ ( acquisition ,! co/

 ( acquir+ any build+ or int]e/ !re94   
7#c7 ,special rule = br[nfields         
,p>agraph 7#a77;,a7 %all n apply )      
respect to any exp5diture = clean up (  
qualify+ br[nfield prop]ty 7z def9$ 9   
section #eab7;b77#ai774  7#d7           
,coord9ation ) rehabilitation cr$it ,9 !
 case ( any qualifi$ conv]sion          
exp5ditures :i* are tak5 into acc\nt =  
purposes ( det]m9+ ! rehabilitation     
cr$it "u section #dg1 ! am\nt ( su*     
exp5ditures tak5 into acc\nt "u ?is     
section 7det]m9$ )\t reg>d to ?is       
p>agraph7 %all be r$uc$ by #ej p]c5t4   
7c7 ,qualifi$ conv]sion ,= purposes (   
?is section-- 7#a7 ,9 g5]al ,! t]m      
qualifi$ conv]sion means ! conv]sion (  
an eligible comm]cial build+ into a     
qualifi$ af=dable h\s+ build+ if !      
qualifi$ conv]sion exp5ditures ( !      
taxpay] ) respect to su* conv]sion exce$
 ! great] (-- 7,a7 an am\nt equal to #ej
 p]c5t ( ! adju/$ basis ( su* build+    
7det]m9$ imm$iately prior to su*        
conv]sion71 or  7,b7 #ajj1jjj4  7#b7    

,eligible comm]cial build+ ,! t]m       
eligible comm]cial build+ means any     
build+ :i*1 ) respect to any conv]sion--
 7,a7 0 orig9ally plac$ 9 s]vice n less 
?an #bj ye>s be=e ! date on :i* su*     
conv]sion beg9s1 &  7,b7 imm$iately     
prior to su* conv]sion1 0 nonresid5tial 
real prop]ty 7z def9$ 9 section #afh74  
7d7 ,qualifi$ af=dable h\s+ build+ ,=   
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m qualifi$ af=dable h\s+ build+    
means any resid5tial build+ if dur+ !   
#cj-ye> p]iod beg9n+ on ! date on :i*   
su* build+ is plac$ 9 s]vice by !       
taxpay]1 n less ?an #bj p]c5t ( !       
resid5tial units 9 ! build+ are bo?     
r5t-re/rict$ & res]v$ = individuals ^:  
income is #hj p]c5t or less ( ! area    
m$ian income4  7#b7 ,r5t & income       
limitation ,= purposes ( ?is subsection1
 rules simil> to ! rules ( subsection   
7g7 ( section #db %all apply to det]m9e 
:e!r a unit is r5t-re/rict$1 treatm5t ( 
units occupi$ by individuals ^: incomes 
rise above ! limit1 & ! treatm5t ( units

 :]e ,f$]al r5tal assi/ance is r$uc$ z  
t5ant's income increases4  7e7          
,limitation on aggregate cr$it all[able 
7#a7 ,cr$it may n exce$ cr$it am\nt     
allocat$ to build+  7,a7 ,9 g5]al ,!    
am\nt ( ! cr$it det]m9$ "u ?is section )
 respect to any build+ %all n exce$ !   
qualifi$ conv]sion cr$it doll> am\nt    
allocat$ to su* build+ "u ?is subsection
 by ! h\s+ cr$it ag5cy ( ! ,/ate 9 :i*  
su* build+ is locat$4  7,b7 ,"t = mak+  
allocation ,except 9 ! case ( an        
allocation :i* meets ! requirem5ts (    
subp>agraph 7,c71 an allocation %all be 
tak5 into acc\nt "u subp>agraph 7,a7    
only if x is made n lat] ?an ! close ( !
 cal5d> ye> 9 :i* ! build+ is plac$ 9   
s]vice4  7,c7 ,exception :]e b9d+       
commitm5t ,an allocation meets !        
requirem5ts ( ?is subp>agraph if !re is 
a b9d+ commitm5t 7n lat] ?an ! close ( !
 cal5d> ye> 9 :i* ! build+ is plac$ 9   
s]vice7 by ! h\s+ cr$it ag5cy to        
allocate a specifi$ h\s+ cr$it doll>    
am\nt to su* build+ beg9n+ 9 a lat]     

taxable ye>4  7#b7 ,/ate limitation     
7,a7 ,9 g5]al ,! aggregate qualifi$     
conv]sion cr$it doll> am\nt :i* a h\s+  
cr$it ag5cy ( any ,/ate may allocate is 
! sum (-- 7i7 ! am\nt :i* be>s ! same   
ratio to ! national qualifi$ conv]sion  
cr$it limitation z-- 7,i7 ! population (
 su* ,/ate1 be>s to  7,,ii7 ! population
 ( all ,/ates1 plus  7ii7 ! sum ( any   
am\nts det]m9$ "u subp>agraph 7,c74     
7,b7 ,national qualifi$ conv]sion cr$it 
limitation ,! national qualifi$         
conv]sion cr$it limitation is           
#ab1jjj1jjj1jjj4  7,c7 ,additional      
am\nts provid$ = c]ta9 build+s 9        
economically di/ress$ areas  7i7 ,9     
g5]al ,= purposes ( subp>agraph         
7,a77ii71 9 any case 9 :i*-- 7,i7 ! h\s+
 cr$it ag5cy ( a ,/ate allocates an     
am\nt to a build+ :i* is locat$ 9 an    
economically di/ress$ area1 &  7,,ii7 ! 
,secret>y subsequ5tly designates su*    
am\nt = purposes ( ?is p>agraph1  !     
am\nt det]m9$ "u ?is p>agraph ) respect 
to su* build+ %all be ! am\nt orig9ally 

allocat$ by ! h\s+ cr$it ag5cy ( ! ,/ate
 "u clause 7i74  7ii7 ,limitation ,!    
aggregate am\nt :i* ! ,secret>y may     
designate "u clause 7i77,,ii7 %all n    
exce$ #c1jjj1jjj1jjj4  7iii7 ,mann] (   
designation ,n lat] ?an #abj days aft] !
 date ( ! enactm5t ( ?is section1 !     
,secret>y %all e/abli% a program =      
det]m9+ ! designation ( am\nts t may be 
designat$ "u ?is subp>agraph4  7,d7     
,reallocation ( c]ta9 am\nts  7i7 ,9    
g5]al ,not)/&+ subp>agraph 7,a7-- 7,i7  
no am\nt may be allocat$ "u p>agraph    
7#a7 by a h\s+ cr$it ag5cy ( an         
und]subscrib$ ,/ate aft] ,decemb] #ca1  
#bjbh1 &  7,,ii7 ! doll> am\nt det]m9$  
"u subp>agraph 7,a7 ) respect to any    
ov]subscrib$ ,/ate aft] su* date %all be
 increas$ by su* ,/ate's %>e ( !        
reallocation am\nt4  7ii7 ,/ate %>e ,=  
purposes ( clause 7i71 an ov]subscrib$  
,/ate's %>e ( ! reallocation am\nt is ! 
am\nt :i* be>s ! same ratio to !        
reallocation am\nt z-- 7,i7 ! population
 ( su* ,/ate1 be>s to  7,,ii7 !         

population ( all ov]subscrib$ ,/ates4   
7iii7 ,def9itions ,= purposes ( ?is     
subp>agraph-- 7,i7 ,und]subscrib$ ,/ate 
,! t]m und]subscrib$ ,/ate means any    
,/ate t is n an ov]subscrib$ ,/ate4     
7,,ii7 ,ov]subscrib$ ,/ate ,! t]m       
ov]subscrib$ ,/ate means any ,/ate !    
h\s+ cr$it ag5cy ( :i* has allocat$ all 
( ! qualifi$ conv]sion cr$it doll> am\nt
 :i* may be allocat$ by x be=e ! date   
describ$ 9 clause 7i77,i74  7,,iii7     
,reallocation am\nt ,! t]m reallocation 
am\nt means ! sum ( ! am\nts describ$ 9 
subp>agraph 7,a7 :i* h n be5 allocat$ by
 und]subscrib$ ,/ates be=e ! date       
describ$ 9 clause 7i77,i74  7#c7 ,mann] 
( allocation  7,a7 ,plan = allocation   
7i7 ,9 g5]al ,not)/&+ any o!r provision 
( ?is section1 ! qualifi$ conv]sion     
cr$it doll> am\nt ) respect to any      
build+ %all be z]o unless su* am\nt 0   
allocat$ pursuant to a conv]sion cr$it  
allocation plan ( ! h\s+ cr$it ag5cy :i*
 is approv$ by ! gov]nm5tal unit 79     
accordance ) rules simil> to ! rules (  

section #adg7;f77#b7 7o!r ?an           
subp>agraph 7,b77ii7 !re(77 ( :i* su*   
ag5cy is a "p4  7ii7 ,conv]sion cr$it   
allocation plan ,= purposes ( ?is       
subp>agraph1 ! t]m conv]sion cr$it      
allocation plan means a plan-- 7,i7 :i* 
sets selection crit]ia = allocations1   
tak+ into acc\nt-- 7aa7 :e!r ! cr$it is 
ne$$ to assure ! f9ancial feasibility ( 
! conv]sion1  7bb7 ! ext5t to :i* !     
conv]sion results 9 ! creation (        
af=dable h\s+1  7cc7 ! ext5t to :i* !   
conv]sion results 9 ! creation ( h\s+   
ne> transportation1 employm5t1 &        
comm]cial opportunities1  7dd7 ! ext5t  
to :i* ! conv]sion w support small      
bus9esses & economic revitalization 9 ! 
surr\nd+ area1  7ee7 ! degree ( local   
gov]nm5t support = ! conv]sion1 &  7ff7 
! read9ess ( ! build+ = a qualifi$      
conv]sion1 &  7,,ii7 :i* provides a     
proc$ure t ! ag5cy 7or an ag5t or o!r   
private contractor ( su* ag5cy7 w foll[ 
9 monitor+ = noncompliance ) !          
requirem5ts ( subsection 7d7 & 9 notify+

 ! ,int]nal ,rev5ue ,s]vice ( su*       
noncompliance4  7,b7 ,b9d+ allocation   
agreem5ts2 report+ ,9 mak+ allocations (
 qualifi$ conv]sion cr$it doll> am\nts1 
ea* h\s+ cr$it ag5cy %all-- 7i7 ent]    
into b9d+ agreem5ts ) taxpay]s = !      
allocation ( qualifi$ conv]sion cr$it   
doll> am\nts1 :i* agreem5ts %all specify
 ! am\nt ( qualifi$ conv]sion cr$it     
doll> am\nt allocat$ to ! build+ & !    
t]ms = any modifications or )drawal (   
su* allocation1 &  7ii7 report to !     
,secret>y1 at su* "t & 9 su* mann] z !  
,secret>y may require1 ! am\nt (        
allocations made ) respect to any       
build+4  7,c7 ,/ate ext5d$ use          
requirem5ts p]mitt$ pa/ #cj ye>s ,=     
purposes ( ?is p>agraph1 a h\s+ cr$it   
ag5cy's plan %all n fail to be treat$ z 
a conv]sion cr$it allocation plan m]ely 
because x includes1 & no?+ 9 ?is section
 %all be con/ru$ to limit a b9d+        
allocation agreem5t f includ+1          
af=dability or r5t re/riction           
requirem5ts ) respect to ! build+ t     

apply = a long] p]iod ?an ! #cj-ye>     
p]iod describ$ 9 subsections 7d7 &      
7g77#a77;,b74  7#d7 ,def9itions & o!r   
rules  7,a7 ,h\s+ cr$it ag5cy ,! t]m    
h\s+ cr$it ag5cy means1 ) respect to any
 ,/ate1 ! h\s+ cr$it ag5cy au?oriz$ "u  
section #db7;h77#h7 or su* o!r ag5cy z  
au?oriz$ by ! ,/ate = purposes ( ?is    
section4  7,b7 ,economically di/ress$   
area ,! t]m economically di/ress$ area  
means any area :i*-- 7i7 has be5        
designat$ z a qualifi$ c5sus tract "u   
section #db7;d77#e77;,b77ii7 or z a     
difficult developm5t area "u section    
#db7;d77#e77;,b77iii71 or  7ii7 meets ! 
requirem5t ( section #cja7;a77#c7 ( !   
,public ,works & ,economic ,developm5t  
,act ( #aife4  7,c7 ,/ate ,! t]m ,/ate  
includes a possession ( ! ,unit$ ,/ates4
  7,d7 ,o!r rules ,rules simil> to !    
rules ( subp>agraphs 7,a7 & 7,b7 (      
section #db7;h77#g7 %all apply =        
purposes ( ?is section4  7f7 ,progress  
exp5ditures ,if ! ,secret>y det]m9es1 on
 ! basis ( ar*itectural plans &         

specifications t a qualifi$ conv]sion is
 reasonably expect$ to exce$ #b ye>s1   
rules simil> to ! rules ( section       
#dg7;d7 %all apply ) respect to su*     
conv]sion = purposes ( ?is section4  7g7
 ,special rules = c]ta9 areas  7#a7     
,qualifi$ c5sus tracts & difficult      
developm5t areas ,9 ! case ( a qualifi$ 
af=dable h\s+ build+-- 7,a7 :i* is      
locat$ 9 any area :i* is designat$ z a  
qualifi$ c5sus tract "u section         
#db7;d77#e77;,b77ii7 or z a difficult   
developm5t area "u section              
#db7;d77#e77;,b77iii771 &  7,b7 )       
respect to :i* dur+ #cj-ye> p]iod beg9n+
 on ! date on :i* su* build+ is plac$ 9 
s]vice by ! taxpay]1 n less ?an #bj     
p]c5t ( ! resid5tial units 9 ! build+   
are bo? r5t-re/rict$ & res]v$ =         
individuals ^: income is #fj p]c5t or   
less ( ! area m$ian income1  subsection 
7a7 %all be appli$ by sub/itut+ #cj     
p]c5t = #bj p]c5t4  7#b7 ,hi/oric       
pres]vation 9 rural areas  7,a7 ,9 g5]al
 ,9 ! case ( a qualifi$ af=dable h\s+   

build+ :i* is 9 a rural area & is "p (  
an hi/oric pres]vation project1 !       
taxpay] may elect to sub/itute #ce p]c5t
 = #bj p]c5t "u subsection 7a7 ) respect
 to su* portion ( ! aggregate qualifi$  
conv]sion exp5ditures tak5 into acc\nt  
"u su* subsection z does n exce$        
#b1jjj1jjj4  7,b7 ,def9itions ,=        
purposes ( ?is p>agraph-- 7i7 ,rural    
area ,! t]m rural area %all h ! mean+   
giv5 su* t]m "u section #acic7;a77#b74  
7ii7 ,hi/oric pres]vation project ,! t]m
 hi/oric pres]vation project means a    
qualifi$ conv]sion :i* involves !       
c]tifi$ rehabilitation ( a c]tifi$      
hi/oric /ructure4 ,:e!r conv]sion ( a   
c]tifi$ hi/oric /ructure involves       
c]tifi$ rehabilitation %all be det]m9$  
"u rules simil> to ! rules ( section    
#dg7;c77#b77;,c74  7h7 ,regulations ,!  
,secret>y %all issue su* regulations or 
o!r guidance z may be necess>y or       
appropriate to c>ry out ! purposes ( ?is
 section1 includ+ regulations or o!r    
guidance-- 7#a7 provid+ = ! recapture ( 

! cr$it det]m9$ "u subsection 7a7 if !  
qualifi$ af=dable h\s+ build+ ceases to 
be a qualifi$ af=dable h\s+ build+ dur+ 
! #cj-ye> p]iod beg9n+ on ! date t su*  
build+ is plac$ 9 s]vice by ! taxpay]1  
7#b7 detail+ any c]tifications requir$ f
 ! taxpay] or any h\s+ cr$it ag5cy ( a  
,/ate1  7#c7 ) respect to ! application 
( subsection 7b77#d71  7#d7 ) respect to
 in=mation report+ on allocations (     
qualifi$ conv]sion cr$it doll> am\nts1  
7#e7 provid+ rules = mak+ a det]m9ation 
z to :e!r an area is describ$ 9         
subsection 7e77#d77;,b71 &  7#f7 :i*    
enc\rages h\s+ cr$it ag5cies to         
allocate1 to ! ext5t practicable1       
qualifi$ conv]sion cr$it doll> am\nts to
 non-metropolitan c\nties )9 a ,/ate 9  
proportion to ! non-metropolitan        
population ( ! ,/ate1 b only to ! ext5t 
x is demon/rat$ )9 su* non-metropolitan 
c\nties t !re are suffici5t qualifi$    
conv]sion exp5ditures to w>rant su*     
allocations4  4  7b7 ,transf]ability (  
cr$it ,section #fdah7;f77#a77;,a7 ( su* 

,code is am5d$ by add+ at ! end ! foll[+
 new clause3  7xii7 ,! af=dable h\s+    
conv]sion cr$it det]m9$ "u section      
#dh;,f4  4  7c7 ,con=m+ am5dm5ts  7#a7  
,section #df ( su* ,code is am5d$ 9     
p>agraph 7#e7 by /rik+ & at ! end1 9    
p>agraph 7#f7 by /rik+ ! p]iod at ! end 
& ins]t+ 1 &1 & by add+ at ! end !      
foll[+ new p>agraph3  7#g7 ! af=dable   
h\s+ conv]sion cr$it4  4  7#b7 ,section 
#di7;a77#a77;,c7 ( su* ,code is am5d$ by
 /rik+ & at ! end ( clause 7v71 9 clause
 7vi7 by /rik+ ! p]iod at ! end & ins]t+
 1 &1 & by add+ at ! end ! foll[ new    
clause3  7vii7 ! basis ( any prop]ty :i*
 is be+ conv]t$ z "p ( a qualifi$       
conv]sion "u section #dh;,f4  4  7#c7   
,section #ej7;a77#b77;,e7 ( su* ,code is
 am5d$ by /rik+ or #dh;,e7e7 & ins]t+   
#dh;,e7e71 or #dh;,f7f74  7#d7 ,! table 
( sections = subp>t ,e ( "p ,,iv (      
sub*apt] ,a ( *apt] #a ( subtitle ,a (  
su* ,code is am5d$ by add+ at ! end !   
foll[+ new item3  ,sec4 #dh;,f4         
,af=dable h\s+ conv]sion cr$it4  4  7d7 

,effective date ,! am5dm5ts made by ?is 
section %all apply to qualifi$ af=dable 
h\s+ build+s 7z def9$ 9 section #dh;,f (
 ! ,int]nal ,rev5ue ,code ( #aihf1 z    
add$ by ?is section7 plac$ 9 s]vice aft]
 ! date ( ! enactm5t ( ?is ,act4  #f4   
,,lihtc ,boo/ = ,extremely ,l[-,income  
,h\seholds  7a7 ,9 g5]al ,section       
#db7;d77#e7 ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new subp>agraph3  7,c7 ,increase 
9 cr$it = projects designat$ to s]ve    
extremely l[-income h\seholds ,9 ! case 
( any build+-- 7i7 #bj p]c5t or m ( !   
resid5tial units 7det]m9$ z if ! imput$ 
income limitation applicable to su*     
units 7 #cj p]c5t ( area m$ian gross    
income7 9 :i* are designat$ by ! taxpay]
 = occupancy by h\seholds ! aggregate   
h\sehold income ( :i* does n exce$ !    
great] (-- 7,i7 #cj p]c5t ( area m$ian  
gross income1 or  7,,ii7 #ajj p]c5t ( an
 am\nt equal to ! ,f$]al pov]ty l9e 7)9 
! mean+ ( section #cf;,b7d77#c771 &     
7ii7 :i* is designat$ by ! h\s+ cr$it   

ag5cy z requir+ ! increase 9 cr$it "u   
?is subp>agraph 9 ord] = su* build+ to  
be f9ancially feasible z "p ( a qualifi$
 l[-income h\s+ project1  subp>agraph   
7,b7 %all n apply to ! portion ( su*    
build+ :i* is compris$ ( su* units      
7det]m9$ 9 a mann] simil> to ! unit     
fraction "u subsection 7c77#a77;,c771 & 
! eligible basis ( su* portion ( !      
build+ %all be #aej p]c5t ( su* basis   
det]m9$ )\t reg>d to ?is subp>agraph4   
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to build+s :i*   
receive allocations ( h\s+ cr$it doll>  
am\nt aft] ! date ( enactm5t ( ?is ,act1
 or 9 ! case ( build+s t are describ$ 9 
section #db7;h77#d77;,b7 ( ! ,int]nal   
,rev5ue ,code ( #aihf1 = obligations t  
are "p ( an issue ! issue date ( :i* is 
aft] ,decemb] #ca1 #bjbe4  #g4 ,r5t] tax
 cr$it  7a7 ,9 g5]al ,subp>t ,c ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
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