“A bill to amend the Internal Revenue Code of 1986 to provide a refundable credit for certain home accessibility improvements.”
No CRS summary available for this bill.
This section establishes a new refundable tax credit equal to 35% of qualified home accessibility improvement expenditures paid or incurred during the taxable year with respect to a qualified individual, subject to per-year and lifetime caps of $10,000 and $30,000, respectively ($0 if modified adjusted gross income exceeds specified thresholds by the phaseout range—$400,000/$100,000 for joint returns or surviving spouses; $200,000/$75,000 for heads of household; $200,000/$50,000 for others). A qualified individual is the taxpayer, spouse, or dependent who shares the principal place of abode and (1) receives disability-based pension benefits under specified veterans or Social Security programs, (2) has a physician certification of a severe impairment expected to last at least 12 months or blindness, or (3) is age 60 or older by year-end. Qualified expenditures are reasonable costs for accessibility modifications to the taxpayer's principal residence (e.g., ramps, grab bars, widened doorways, curbless showers, porch lifts, adaptive alarms, non-slip flooring), plus any others on a list to be established by the Secretary of the Treasury in consultation with specified agencies.