HR 7676
117th Congress
House
Taxation
Home Modification for Accessibility Act of 2022
Introduced: May 6, 2022
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 2022
Referred to the House Committee on Ways and Means.
May 6, 2022
Introduced in House
Plain-English summary
Home Modification for Accessibility Act of 2022
This bill allows distributions from a tax-exempt retirement plan, without penalty, for retirement home improvements to an individual's primary residence to improve for aging or disabled adults the accessibility, security, or safety of such residence. The bill limits the amount of such distributions to $30,000 for all taxable years.
The bill also excludes the amount of such distributions from the recipient's gross income, for income tax purposes, and allows a deduction for a taxpayer's retirement home improvement expenditures.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1