Bill > HR2749

This bill amends the Internal Revenue Code to create a new refundable tax credit for home accessibility improvements for seniors and individuals with disabilities. The credit would cover 35% of qualified home improvement expenses, with a maximum of $10,000 per year and $30,000 total across all years. Eligible individuals include those who are blind or disabled, receive certain veterans or Social Security benefits, have a physician-certified disability, or are 60 years or older. Qualified improvements range from installing ramps and handrails to widening doorways, modifying bathrooms, adding bedroom or bathroom spaces, installing lifts, and implementing assistive technologies. The credit is subject to income limitations, with phase-out beginning at income levels between $200,000 and $400,000 depending on filing status. The bill requires the Treasury Department to develop and regularly update a list of eligible improvements, conduct public outreach, and ensure the credit is accessible. Additionally, the Government Accountability Office will conduct a study in three years to evaluate the credit's effectiveness and potentially recommend future modifications, such as expanding eligibility or adjusting credit amounts.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2749/all-info