,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gbaf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bb1 #bjbf    
,mr4 ,kean 7= himself & ,mr4 ,mack5zie7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to e/abli% ! h\s+         
af=dability cr$it4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,make ,am]ican    
,h\s+ ,af=dable 7,,maha7 ,act ( #bjbf4  
#b4 ,h\s+ af=dability 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   
,h\s+ af=dability cr$it  7a7 ,all[ance (
 cr$it ,9 ! case ( an eligible          
individual1 !re %all be all[$ #e1jjj    
7twice su* am\nt 9 ! case ( a jo9t      
return7 z a cr$it aga9/ ! tax impos$ by 
?is subtitle4  7b7 ,eligible individual 
,= purposes ( ?is section1 ! t]m        
eligible individual means1 ) respect to 
a taxable ye>1 an individual--  7#a7 :o 

pur*ases a pr9cipal resid5ce 7z su* t]m 
is us$ 9 section #aba7 dur+ su* taxable 
ye>1 &  7#b7 ) respect to :om no cr$it  
has be5 all[$ dur+ ! #d taxable ye>s    
prec$+ su* taxable ye>4  7c7 ,phase\t   
7#a7 ,9 g5]al ,! am\nt ( ! cr$it all[$  
"u subsection 7a7 %all be r$uc$ by !    
am\nt :i* be>s ! same ratio to #ej1jjj  
7twice su* am\nt 9 ! case ( a jo9t      
return7 z ! excess (-- 7,a7 ! modifi$   
adju/$ gross income ( ! individual1 ov] 
7,b7 #bej1jjj 7twice su* am\nt 9 ! case 
( a jo9t return74  7#b7 ,modifi$ adju/$ 
gross income ,= purposes ( ?is          
subsection1 ! 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  4  7b7 ,con=m+    
am5dm5ts  7#a7 ,section                 
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ 1      
#cf;,c aft] #cf;,b4  7#b7 ,section      
#acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates
 ,code1 is am5d$ by ins]t+ 1 #cf;,c aft]

 1 #cf;,b4  7#c7 ,! 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 ,h\s+ af=dability  
cr$it4  4  7c7 ,effective date ,!       
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date ( !  
enactm5t ( ?is ,act4