Senior Accessible Housing Act
This bill amends the Internal Revenue Code to allow a nonrefundable personal tax credit for senior citizens who modify their residences to enhance their ability to remain living safely, independently, and comfortably in the residences.
The credit applies to up to $30,000 of the expenses that individuals who are at least 60 years old incur over their lifetime to make modifications to their residences, including:
The IRS must establish and maintain the list of acceptable modifications after consulting with the Department of Health and Human Services and receiving input from the public
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1780 Introduced in House (IH)]
<DOC>
115th CONGRESS
1st Session
H. R. 1780
To amend the Internal Revenue Code of 1986 to provide a tax credit to
seniors who install modifications on their residences that would enable
them to age in place, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 29, 2017
Mr. Crist (for himself, Mr. Poliquin, Ms. Sinema, Mr. Donovan, Mr.
Garamendi, Ms. Moore, Ms. Norton, Ms. Michelle Lujan Grisham of New
Mexico, Mr. Conyers, Mr. Butterfield, and Mr. Grijalva) introduced the
following bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide a tax credit to
seniors who install modifications on their residences that would enable
them to age in place, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Senior Accessible Housing Act''.
SEC. 2. HOME MODIFICATION CREDIT FOR SENIORS.
(a) In General.--Subpart A of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to nonrefundable
personal credits) is amended by inserting after section 25D the
following:
``SEC. 25E. HOME MODIFICATION CREDIT FOR SENIORS.
``(a) Allowance of Credit.--In the case of a qualified individual,
there shall be allowed as a credit against the tax imposed by this
chapter for the taxable year an amount equal to the sum of all
qualified expenditures made by the taxpayer with respect to a qualified
residence during such year.
``(b) Lifetime Limitation.--The amount allowed as a credit under
subsection (a) with respect to the taxpayer for any taxable year shall
not exceed the excess (if any) of--
``(1) $30,000, over
``(2) the aggregate amount allowed as a credit under
subsection (a) to such taxpayer for all prior taxable years.
``(c) Definitions.--For purposes of this section--
``(1) Qualified individual.--The term `qualified
individual' means an individual who has attained 60 years of
age.
``(2) Qualified expenditure.--The term `qualified
expenditure' means an expenditure for any of the following
modifications installed on a qualified residence:
``(A) The installation of entrance and exit ramps.
``(B) The widening of doorways.
``(C) The installation of handrails or grab bars.
``(D) The installation of non-slip flooring.
``(E) A modification that is included in a list
established and maintained in accordance with
subsection (d)(2).
``(3) Qualified residence.--The term `qualified residence'
has the meaning given that term in section 163(h)(4)(A).
``(d) Special Rules.--
``(1) Labor costs.--Expenditures for labor costs properly
allocable to the onsite preparation, assembly, or original
installation of a modification described under subsection
(c)(2) and for piping or wiring to interconnect such
modification to the dwelling unit shall be taken into account
for purposes of this section.
``(2) List of modifications.--The Secretary, in
consultation with the Secretary of Health and Human Services
and after receiving the input of members of the public
(including seniors groups, health organizations, and social
services organizations), shall establish and maintain a list of
any modification that, if installed on a residence of a
qualified individual, would enhance the ability of such
individual to remain living safely, independently, and
comfortably in such residence.
``(3) When expenditure made.--
``(A) In general.--Except as provided in
subparagraph (B), a qualified expenditure shall be
treated as made when the original installation of the
modification is completed.
``(B) Expenditures as part of building
construction.--In the case of a qualified expenditure
in connection with the construction or reconstruction
of a structure, such expenditure shall be treated as
made when the original use of the constructed or
reconstructed structure by the taxpayer begins.
``(e) Basis Adjustments.--For purposes of this subtitle, if a
credit is allowed under this section for any expenditure with respect
to any property, the increase in the basis of such property which would
(but for this subsection) result from such expenditure shall be reduced
by the amount of the credit so allowed.''.
(b) Conforming Amendment.--Section 1016(a) of such Code is
amended--
(1) by redesignating paragraphs (35) through (37) as
paragraphs (36) through (38), respectively; and
(2) by inserting after paragraph (34) the following new
paragraph:
``(35) to the extent provided in section 25E(e), in the
case of amounts with respect to which a credit has been allowed
under section 25E,''.
(c) Clerical Amendment.--The table of sections for subpart A of
part IV of subchapter A of chapter 1 of such Code is amended by
inserting after the item relating to section 25D the following new
item:
``Sec. 25E. Home Modification Credit for Seniors.''.
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2017.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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