,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hfgg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #g1 #bjbf,mr4    
,burlison introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to all[ a         
refundable cr$it = qualifi$ home        
acquisition exp5ses1 & = o!r purposes4  
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,make ! ,am]ican ,dream ,real ,aga9  
,act4  #b4 ,refundable cr$it = qualifi$ 
home acquisition exp5ses  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   
,qualifi$ home acquisition exp5ses  7a7 
,9 g5]al ,9 ! case ( an individual :o   
sells _! pr9cipal resid5ce to a fir/-"t 
homebuy] 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 ! less] (--  7#a7 ! am\nt paid 
by ! taxpay] = ! qualifi$ home          

acquisition exp5ses ( su* fir/-"t       
homebuy] ) respect to su* pr9cipal      
resid5ce1 or  7#b7 ! am\nt by :i* ! tax 
liability ( ! taxpay] w\ld decrease if !
 taxpay] did n h any ga9 f ! sale ( su* 
pr9cipal resid5ce includ$ 9 ! taxpay]'s 
gross income4  7b7 ,def9itions ,=       
purposes ( ?is section-- 7#a7 ,fir/-"t  
homebuy] ,! t]m fir/-"t homebuy] means  
any individual if su* individual 7& if  
m>ri$1 su* individual's sp\se7 _h no    
pres5t own]%ip int]e/ 9 a pr9cipal      
resid5ce dur+ ! #b-ye> p]iod end+ on !  
date ( ! sale ( ! pr9cipal resid5ce to  
:i* subsection 7a7 applies4  7#b7       
,pr9cipal resid5ce ,! t]m pr9cipal      
resid5ce has ! same mean+ z :5 us$ 9    
section #aba4  7#c7 ,qualifi$ home      
acquisition exp5ses ,! t]m qualifi$ home
 acquisition exp5ses means ! co/s (     
acquir+ a resid5ce1 includ+ any d[n     
paym5t1 inspection co/s1 & clos+ co/s4  
7c7 ,regulations ,! ,secret>y %all issue
 su* regulations or o!r guidance z may  
be necess>y to c>ry out ! purposes ( ?is

 section4  4  7b7 ,con=m+ am5dm5ts  7#a7
 ,section #acbd7;b77#b7 ( title #ca1    
,unit$ ,/ates ,code1 is am5d$ by ins]t+ 
#cf;,c1 aft] #cf;,b14  7#b7 ,section    
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ #cf;,c1
 aft] #cf;,b14  7#c7 ,! table ( sections
 = subp>t ,c ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( su* ,code is am5d$ by ins]t+ 
aft] ! item relat+ to section #cf;,b !  
foll[+ new item3  ,sec4 #cf;,c4         
,qualifi$ home acquisition exp5ses4  4  
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjbf4