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Bill

HR 9554

To amend the Internal Revenue Code of 1986 to allow a credit against tax for qualified accessible housing expenses, and for other purposes.

119th Congress Introduced by George Latimer

The bill would create a nonrefundable federal tax credit for qualified accessible housing expenses to help fund adaptations for disabilities, elderly, and accessibility needs.

Introduced in House
0
WeVote Research Nonpartisan
Bill Summary · HR 9554

Bill overview

  • Title: To amend the Internal Revenue Code of 1986 to allow a credit against tax for qualified accessible housing expenses, and for other purposes.
  • Legislature: United States House of Representatives, 119th Congress
  • Status: Introduced and referred to appropriate committees (Ways and Means; Financial Services) on 2026-06-30
  • Primary sponsor: (Included co-sponsor) George Latimer

Purpose and intent

  • The bill aims to create a nonrefundable tax credit against individual or corporate income tax liability for expenses incurred in making housing accessible. The intent appears to promote accessible or barrier-free housing options for individuals with disabilities, the elderly, or others requiring accessibility adaptations.

Key provisions and changes

  • Tax credit authorization: Establishes a credit against federal tax liability for qualified accessible housing expenses.
  • Qualified expenses: The bill defines which housing-related adaptations or improvements qualify for the credit. Likely categories include structural modifications (e.g., ramps, widened doorways, bathroom renovations), as well as other accessibility-related costs. The exact definitions, eligible projects, and minimum/maximum expense thresholds would be specified in the statutory text.
  • Credit mechanics: The credit would be claimed on the taxpayer’s federal income tax return. Details typically cover:
    • Percentage of eligible expenses that can be credited
    • Maximum credit per project or per residence
    • Limitations for multi-unit buildings vs. single-family homes
    • Carryover provisions if the credit exceeds tax liability (e.g., whether any portion can be carried forward to future years)
  • Eligible taxpayers: Likely targeted toward homeowners and potentially renters with qualifying adaptations, and possibly property owners who incur expenses for accessible improvements.
  • Interaction with other provisions: The bill would specify how the new credit interacts with existing credits or deductions (e.g., whether it is in addition to or mutually exclusive with other energy- or accessibility-related incentives).

Who would be affected

  • Homeowners and tenants (and possibly landlords) incurring qualified accessible housing expenses
  • Construction contractors and suppliers specializing in accessibility modifications
  • Housing developers and property managers who plan or undertake accessible retrofits or new accessible housing
  • Taxpayers eligible for the new credit and their families or dependents who benefit from improved accessibility

Procedural and timeline aspects

  • Referral: Referred to the House Committee on Ways and Means and, in addition, to the Committee on Financial Services for consideration of provisions within their jurisdiction.
  • Next steps: The committees would review, potentially amend, and vote to report the bill to the full House. If reported favorably, it would move to the floor for debate and a vote, and then to the Senate (or other congressional process) for consideration.
  • Timing assumptions: As introduced, no effective date is specified in the summary excerpt; the bill would typically include a proposed effective date (e.g., for tax years beginning after a certain date) and any sunset or interim provisions if applicable.

Practical considerations

  • Financial impact: The credit would reduce federal tax revenue by the amount of eligible credits claimed, with cost dependent on the credit size, eligibility, and uptake.
  • Accessibility and housing market effects: Potential increase in demand for accessible housing renovations, influence on home modification practices, and encouragement of inclusive housing design.
  • Administration: IRS guidance would be required to define qualified expenses, documentation requirements, and enforcement of credit eligibility.

If you’d like, I can tailor this summary to focus on specific audiences (tax professionals, policymakers, or housing advocates) or compare it to existing accessibility-related tax incentives.

Compiled from official sources — confirm details with the bill’s official record.

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