text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Veterans Homebuyer Accessibility Act 
  of 2015''.
  
  SEC. 2. VETERAN FIRST-TIME HOMEBUYER TAX CREDIT.
  
      (a) In General.--Section 36(a) of the Internal Revenue Code of 1986 
  is amended to read as follows:
      ``(a) Allowance of Credit.--In the case of an eligible veteran who 
  purchases a principal residence in the United States during the taxable 
  year, there shall be allowed as a credit against the tax imposed by 
  this subtitle for such taxable year an amount equal to 10 percent of 
  the purchase price of the residence.''.
      (b) Additional Limitation for Adaptive Housing Improvements.--
  Section 36(b)(1) of such Code is amended by redesignating subparagraphs 
  (B), (C), and (D) as subparagraphs (C), (D), and (E), respectively, and 
  by inserting after subparagraph (A) the following new subparagraph:
                      ``(B) Special rule for adaptive housing 
                  improvements.--In the case of a principal residence 
                  with special fixtures or movable facilities made 
                  necessary by the nature of the disability of the 
                  veteran, if such fixtures and facilities are--
                              ``(i) provided to the veteran pursuant to 
                          specially adapted housing assistance under 
                          chapter 17 or 21 of title 38, United States 
                          Code, or
                              ``(ii) similar to such fixtures and 
                          facilities that would be provided to the 
                          veteran if the veteran received such 
                          assistance,
                  then subparagraph (A) shall be increased by the lesser 
                  of $8,000 or the portion of the purchase price of the 
                  principal residence attributable such fixtures or 
                  movable facilities.''.
      (c) Eligible Veteran.--
              (1) In general.--Section 36(c)(1) of such Code is amended 
          by striking ``First-time homebuyer.--The term `first time 
          homebuyer' means any individual'' and inserting ``Eligible 
          veteran.--The term `eligible veteran' means any individual who 
          is a veteran (as defined in section 101(2) of title 38, United 
          States Code)''.
              (2) Long-time resident.--Section 36(c)(6) of such Code is 
          amended by striking ``treated as a first-time homebuyer'' and 
          inserting ``treated as meeting the no present ownership 
          interest requirement of paragraph (1)''.
      (d) Recapture of Credit.--Section 36(f) of such Code is amended to 
  read as follows:
      ``(f) Recapture of Credit.--
              ``(1) In general.--If a taxpayer disposes of the principal 
          residence with respect to which a credit was allowed under 
          subsection (a) (or such residence ceases to be the principal 
          residence of the taxpayer (and, if married, the taxpayer's 
          spouse)) before the end of the 36-month period beginning on the 
          date of the purchase of such residence by the taxpayer the tax 
          imposed by this chapter for the taxable year of such 
          disposition or cessation shall be increased by the amount of 
          the credit so allowed.
              ``(2) Exceptions.--
                      ``(A) Death of taxpayer.--Paragraph (1) shall not 
                  apply to any taxable year ending after the date of the 
                  taxpayer's death.
                      ``(B) Involuntary conversion.--Paragraph (1) shall 
                  not apply in the case of a residence which is 
                  compulsorily or involuntarily converted (within the 
                  meaning of section 1033(a)) if the taxpayer acquires a 
                  new principal residence during the 2-year period 
                  beginning on the date of the disposition or cessation 
                  referred to in paragraph (1). Paragraph (1) shall apply 
                  to such new principal residence during the 36-month 
                  period referred to therein in the same manner as if 
                  such new principal residence were the converted 
                  residence.
                      ``(C) Transfers between spouses or incident to 
                  divorce.--In the case of a transfer of a residence to 
                  which section 1041(a) applies--
                              ``(i) paragraph (1) shall not apply to such 
                          transfer, and
                              ``(ii) in the case of taxable years ending 
                          after such transfer, paragraph (1) shall apply 
                          to the transferee in the same manner as if such 
                          transferee were the transferor (and shall not 
                          apply to the transferor).
                      ``(D) Special rule for members of the armed forces, 
                  etc.--
                              ``(i) In general.--In the case of the 
                          disposition of a principal residence by an 
                          individual (or a cessation referred to in 
                          paragraph (1)) in connection with Government 
                          orders received by such individual, or such 
                          individual's spouse, for qualified official 
                          extended duty service, paragraph (1) shall not 
                          apply to such disposition (or cessation).
                              ``(ii) Qualified official extended duty 
                          service.--For purposes of this section, the 
                          term `qualified official extended duty service' 
                          means service on qualified official extended 
                          duty as--
                                      ``(I) a member of the uniformed 
                                  services,
                                      ``(II) a member of the Foreign 
                                  Service of the United States, or
                                      ``(III) an employee of the 
                                  intelligence community.
                              ``(iii) Definitions.--Any term used in this 
                          subparagraph which is also used in paragraph 
                          (9) of section 121(d) shall have the same 
                          meaning as when used in such paragraph.
              ``(3) Joint returns.--In the case of a credit allowed under 
          subsection (a) with respect to a joint return, half of such 
          credit shall be treated as having been allowed to each 
          individual filing such return for purposes of this subsection.
              ``(4) Return requirement.--If the tax imposed by this 
          chapter for the taxable year is increased under this 
          subsection, the taxpayer shall, notwithstanding section 6012, 
          be required to file a return with respect to the taxes imposed 
          under this subtitle.''.
      (e) Application of Credit.--Section 36(h) of such Code is amended 
  to read as follows:
      ``(h) Termination.--This section shall not apply to any residence 
  purchased after December 31, 2017.''.
      (f) Assignment of Credit in Case of Construction.--Section 36 of 
  such Code is amended by adding at the end the following new subsection:
      ``(i) Credit May Be Assigned.--
              ``(1) In general.--In the case of a residence constructed 
          by the taxpayer, if such taxpayer elects the application of 
          this subsection for any taxable year, any portion of the credit 
          determined under this section which is attributable to an 
          increase under subparagraph (B) of subsection (b)(1) for such 
          year which would (but for this subsection) be allowable to the 
          taxpayer may be assigned to any person who is an eligible 
          designee. The person so designated shall be allowed the amount 
          of the credit so assigned and shall be treated as the taxpayer 
          with respect to such credit for purposes of this title (other 
          than this paragraph), except that such credit shall be treated 
          as a credit listed in section 38(b) for such taxable year (and 
          not allowed under subsection (a)).
              ``(2) Eligible designee.--For purposes of paragraph (1), 
          the term `eligible designee' means any person who, with respect 
          to the residence, provides or installs any improvements, 
          special fixtures, or movable facilities to which the credit is 
          attributable under subparagraph (B) of subsection (b)(1).
              ``(3) Election requirements.--Any election under paragraph 
          (1) shall include such information and shall be made at such 
          time, and in such form and manner, as the Secretary shall by 
          regulation prescribe.''.
      (g) Conforming Amendments.--
              (1) Section 38(b) of such Code is amended by striking 
          ``plus'' at the end of paragraph (35), by striking the period 
          at the end of paragraph (36) and inserting ``, plus'', and by 
          adding at the end the following new paragraph:
              ``(37) the portion of the veteran first-time homebuyer 
          credit assigned to the taxpayer to which the second sentence of 
          section 36(i)(1) applies,''.
              (2) The heading for section 1400C(e)(4) of such Code is 
          amended by striking ``national first-time homebuyers credit'' 
          and inserting ``veteran first-time homebuyers credit''.
      (h) Clerical Amendments.--
              (1) The heading for section 36 of such Code is amended to 
          read as follows:
  
  ``SEC. 36. VETERAN FIRST-TIME HOMEBUYER CREDIT.''.
  
              (2) The item relating to section 36 in the table of 
          sections for subpart C of part IV of subchapter A of chapter 1 
          of such Code is amended to read as follows:
  
  ``Sec. 36. Veteran first-time homebuyer credit.''.
      (i) Effective Date.--The amendments made by this section shall 
  apply to residences purchased after the date of the enactment of this 
  Act.
  
  SEC. 3. VETERAN HOME MOBILITY IMPROVEMENT 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 before 
  section 37 the following new section:
  
  ``SEC. 36C. VETERAN HOME MOBILITY IMPROVEMENT CREDIT.
  
      ``(a) In General.--In the case of a veteran, there shall be allowed 
  as a credit against the tax imposed by this subtitle for any taxable 
  year an amount equal to the amount paid or incurred by the taxpayer for 
  qualified adaptive housing improvements for the taxable year.
      ``(b) Limitation.--The credit allowed under subsection (a) shall 
  not exceed $8,000.
      ``(c) Qualified Adaptive Housing Improvement.--For purposes of this 
  section, the term `qualified adaptive housing improvement' means 
  special fixtures or movable facilities with respect to the principal 
  residence of the veteran which are made necessary by the nature of the 
  disability of the veteran, if such fixtures and facilities are--
              ``(1) provided to the veteran pursuant to specially adapted 
          housing assistance under chapter 17 or 21 of title 38, United 
          States Code, or
              ``(2) similar to such fixtures and facilities that would be 
          provided to the veteran if the veteran received such 
          assistance.
      ``(d) Credit May Be Assigned.--
              ``(1) In general.--If the taxpayer elects the application 
          of this subsection for any taxable year, any portion of the 
          credit under this section for such year which would (but for 
          this subsection) be allowable to the taxpayer may be assigned 
          to any person who is an eligible designee. The person so 
          designated shall be allowed the amount of the credit so 
          assigned and shall be treated as the taxpayer with respect to 
          such credit for purposes of this title (other than this 
          paragraph), except that such credit shall be treated as a 
          credit listed in section 38(b) for such taxable year (and not 
          allowed under subsection (a)).
              ``(2) Eligible designee.--For purposes of paragraph (1), 
          the term `eligible designee' means any person who, with respect 
          to the residence, provides or installs any qualified adaptive 
          housing improvements to which the credit under this section is 
          attributable.
              ``(3) Election requirements.--Any election under paragraph 
          (1) shall include such information and shall be made at such 
          time, and in such form and manner, as the Secretary shall by 
          regulation prescribe.''.
      (b) Conforming Amendments.--
              (1) Section 1324(b)(2) of title 31, United States Code, is 
          amended by inserting ``36C,'' after ``36B,''.
              (2) Section 38(b) of the Internal Revenue Code of 1986, as 
          amended by section 2, is amended by striking ``plus'' at the 
          end of paragraph (36), by striking the period at the end of 
          paragraph (37) and inserting ``, and'', and by adding at the 
          end the following new paragraph:
              ``(38) the portion of the veteran home mobility improvement 
          credit assigned to the taxpayer to which the second sentence of 
          section 36C(d)(1) applies.''.
              (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 before the item relating to section 37 
          the following new item:
  
  ``Sec. 36C. Veteran home mobility improvement credit.''.
      (c) Effective Date.--The amendments made by this section shall 
  apply to taxable years beginning after December 31, 2014.
target: Veterans Homebuyer Accessibility Act of 2015 This bill amends the Internal Revenue Code, with respect to the tax credit for first-time homebuyers, to: (1)&nbsp;allow a veteran of the Armed Forces a tax credit for 10% of the purchase price of a principal residence purchased prior to January 1, 2018; (2)&nbsp;allow an additional credit for the cost, not exceeding $8,000 in a taxable year, of installing special fixtures or movable facilities in a residence to accommodate a disability of the veteran; and (3) require a recapture of credit amounts if the veteran sells such residence within 36 months after purchasing it.
feat_title: Veterans Homebuyer Accessibility Act of 2015