This bill was introduced in the House of Representatives on February 15, 2024. This legislation provides a refundable income tax credit of 35% to eligible disabled taxpayers for qualified home accessibility improvement expenses incurred during a taxable year. The bill includes restrictions such as a maximum dollar limit of $15,000 and income eligibility criteria.
The legislation outlines qualified home accessibility improvement expenses as those incurred to enhance a residence's accessibility for a taxpayer who is blind or disabled. These expenses encompass installing ramps and zero-step entrances, widening doors and hallways, and making bathroom accessibility enhancements.
The Treasury Department is required to issue regulations detailing any extra improvements qualifying for the credit, while the Internal Revenue Service must implement an outreach plan to inform the public about the credit's availability.