U.S. Congress legislation · 119th Congress
HB10709: Multigenerational HOMES Act
Status: In committee, October 1, 2026
To amend the Internal Revenue Code of 1986 to establish a tax credit for multigenerational home renovation expenditures.
What the bill says
To amend the Internal Revenue Code of 1986 to establish a tax credit for multigenerational home renovation expenditures.
From the introduced text, October 1, 2026:
A BILL To amend the Internal Revenue Code of 1986 to establish a tax credit for multigenerational home renovation expenditures. SECTION 1. Short title This Act may be cited as the Multigenerational Housing Opportunities to Modify Existing Structures Act or the Multigenerational HOMES Act . SECTION 2. Nonrefundable personal credit for multigenerational home renovation expenditures (a) In general Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25F the following new section: SECTION 25G. Multigenerational home renovation expenditures (a) Allowance of credit (1) In general In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 15 percent of the qualified multigenerational home renovation expenditures made by the taxpayer during such taxable year. (2) Lifetime limitation per qualified dwelling unit of taxpayer Subject to subsection (b), the credit allowed under paragraph (1) with respect to any qualified dwelling unit of the taxpayer for any taxable year shall not exceed the excess (if any) of $7,500 over the aggregate credits allowed to such taxpayer (or, in the case of a married individual, such individual's spouse) under such paragraph with respect to such qualified dwelling unit for all prior taxable …
Sponsors
- Marilyn Strickland (D, HD-010) · primary sponsor
- David Joyce (R, HD-OH-14)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB10709?
- HB10709 is a bill in Congress (119th Congress): Multigenerational HOMES Act.
- What does HB10709 do?
- In its own words: To amend the Internal Revenue Code of 1986 to establish a tax credit for multigenerational home renovation expenditures.
- What is the status of HB10709?
- In committee as of October 1, 2026. Latest action: Referred to the House Committee on Ways and Means. (October 1, 2026).
- Who sponsored HB10709?
- Marilyn Strickland (D, HD-010), with 1 co-sponsor.
- Where is the official record for HB10709?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10709
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.