Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
117-hr-7676117th Congress
Home Modification for Accessibility Act of 2022
Sponsored By: Representative Crist, Charlie [D-FL-13]
Unknown
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Crist, Charlie [D-FL-13]
FL • D
Cosponsors
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 5/6/2022
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 5/27/2022
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov