H.R. 7216

119 HR 7216 IH: Make American Housing Affordable (MAHA) Act of 2026
 U.S. House of Representatives
 2026-01-22
 text/xml
 EN
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 I
 119th CONGRESS  2d Session
 H. R. 7216
 IN THE HOUSE OF REPRESENTATIVES
 January 22, 2026
  Mr. Kean  (for himself and  Mr. Mackenzie ) introduced the following bill; which was referred to the  Committee on Ways and Means
 A BILL
To amend the Internal Revenue Code of 1986 to establish the housing affordability credit.
1.
Short title
This Act may be cited as the   Make American Housing Affordable (MAHA) Act of 2026  .
2.
Housing affordability credit
(a)
In general
Subpart C of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after section 36B the following new section:
36C.
Housing affordability credit
(a)
Allowance of credit
In the case of an eligible individual, there shall be allowed $5,000 (twice such amount in the case of a joint return) as a credit against the tax imposed by this subtitle.
(b)
Eligible individual
For purposes of this section, the term  eligible individual  means, with respect to a taxable year, an individual—
(1)
who purchases a principal residence (as such term is used in section 121) during such taxable year, and
(2)
with respect to whom no credit has been allowed during the 4 taxable years preceding such taxable year.
(c)
Phaseout
(1)
In general
The amount of the credit allowed under subsection (a) shall be reduced by the amount which bears the same ratio to $50,000 (twice such amount in the case of a joint return) as the excess of—
(A)
the modified adjusted gross income of the individual, over
(B)
$250,000 (twice such amount in the case of a joint return).
(2)
Modified adjusted gross income
For purposes of this subsection, the term  modified adjusted gross income  means the adjusted gross income of the taxpayer for the taxable year increased by any amount excluded from gross income under section 911, 931, or 933.
 .
(b)
Conforming amendments
(1)
 Section 6211(b)(4)(A)  of the Internal Revenue Code of 1986 is amended by inserting  , 36C  after  36B .
(2)
Section 1324(b)(2) of title 31, United States Code, is amended by inserting  , 36C  after  , 36B .
(3)
The table of sections for subpart C of part IV of subchapter A of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36B the following new item:
Sec. 36C. Housing affordability credit.
  .
(c)
Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.