under this section changes, the new owner of 
such unit may not use the label established pur-
suant to subsection (e) when marketing such 
unit until such new owner has such unit re-cer-
tified. 
(e) UNIVERSAL DESIGN LABEL.—— 
(1) IN GENERAL.—The Secretary shall establish 
a label that is designed to identify a dwelling unit 
or commercial unit as having been certified by the 
Secretary as complying with the universal design 
standards. 
(2) PUBLIC AWARENESS.—The Secretary, in co-
ordination with the head of each covered agency, 
shall work to increase public awareness of the label 
established pursuant to paragraph (1), including by 
providing special outreach to small business owners 
who are licensed as a professional engineer or reg-
istered architect in any State. 
(f) LICENSING OF INSPECTORS.— 
(1) IN GENERAL.—The Secretary shall issue li-
censes to inspectors to verify the information in any 
application submitted to the Secretary pursuant to 
subsection (d). 
(2) TERMINATION OF LICENSE.—The Secretary 
shall terminate the license of an inspector if such in-
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spector is found to have incorrectly certified 2 or 
more dwelling units or commercial units during any 
2-year period. 
(3) FALSIFICATION.—If an inspector licensed 
by the Secretary pursuant to paragraph (1) is found 
by the Secretary to have falsified information with 
respect to any application submitted under this sec-
tion, the Secretary may pursue recourse under Fed-
eral law and any applicable State or Territorial li-
censing laws. 
SEC. 3. UNIVERSAL DESIGN STANDARD TAX CREDIT. 
(a) IN GENERAL.—Subpart B of part IV of sub-
chapter A of the Internal Revenue Code of 1986 is amend-
ed by adding at the end the following new section: 
‘‘SEC. 30E. UNIVERSAL DESIGN STANDARD CREDIT. 
‘‘(a) IN GENERAL.—There shall be allowed as a cred-
it against the tax imposed by this chapter a credit in an 
amount equal to the sum of— 
‘‘(1) 20 percent of the qualified universal design 
expenses of the taxpayer for the taxable year that 
are attributable to design or construction of a new 
building, plus 
‘‘(2) 50 percent of the qualified universal design 
expenses of the taxpayer for the taxable year that 
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are attributable to renovation of an existing build-
ing. 
‘‘(b) QUALIFIED UNIVERSAL DESIGN EXPENSES.— 
For purposes of this section, the term ‘qualified universal 
design expenses’ means amounts paid or incurred with re-
spect to a building certified under section 2(d) of the Uni-
versal Design Standard Tax Incentive Act during the tax-
able year for design, construction, or renovations of such 
building performed in order to receive such certification. 
‘‘(c) SPECIAL RULES.— 
‘‘(1) BASIS REDUCTION.—For purposes of this 
subtitle, the basis of any property for which a credit 
is allowable under this section shall be reduced by 
the amount of such credit so allowed. 
‘‘(2) NO DOUBLE BENEFIT.—No other credit or 
deduction shall be allowed under this chapter for 
amounts with respect to which a credit is allowed 
under this section. 
‘‘(3) APPLICATION WITH OTHER CREDITS.— 
‘‘(A) BUSINESS CREDIT TREATED AS PART 
OF GENERAL BUSINESS CREDIT.—So much of 
the credit which would be allowed under sub-
section (a) for any taxable year (determined 
without regard to this subsection) that is attrib-
utable to property of a character subject to an 
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allowance for depreciation shall be treated as a 
credit listed in section 38(b) for such taxable 
year (and not allowed under subsection (a)). 
‘‘(B) CREDIT MADE REFUNDABLE FOR IN-
DIVIDUALS.—In the case of an individual, the 
credit allowed under subsection (a) shall be 
treated as a credit allowed under subpart C and 
not as a credit allowed under this subpart. 
‘‘(4) 
NO
MEDICAL
DOCUMENTATION
RE-
QUIRED.—The Secretary may not require any person 
to submit any medical documentation in order to be 
allowed a credit under subsection (a).’’. 
(b) CREDIT
INCLUDED
IN
GENERAL
BUSINESS 
CREDIT.—Section 38(b) is amended by striking ‘‘plus’’ at 
the end of paragraph (40), by striking the period at the 
end of paragraph (41) and inserting a comma, and by add-
ing at the end the following new paragraph: 
‘‘(42) the portion of the universal design stand-
ard credit to which section 30E(c)(3)(A) applies.’’. 
(c) BASIS ADJUSTMENT.—Section 1016(a) of such 
Code is amended by striking ‘‘and’’ at the end of para-
graph (37), by striking the period at the end of paragraph 
(38) and inserting ‘‘, and’’, and by adding at the end the 
following new paragraph: 
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‘‘(39) to the extent provided in section 
30E(C)(1).’’. 
(d) CLERICAL AMENDMENT.—The table of sections 
for subpart B of part IV of subchapter A of such Code 
is amended by adding at the end the following new item: 
‘‘Sec. 30E. Universal design standard credit.’’. 
(e) OUTREACH.—The Secretary of the Treasury and 
the Secretary of Housing and Urban Development shall 
carry out an outreach campaign to make the public aware 
of the credit established by the amendments made by this 
section. 
(f) REPORT.—The Secretary of the Treasury shall 
annually publish on the website of the Department of the 
Treasury an analysis of the total number of taxpayers 
claiming the credit established by section 30E of such 
Code and the aggregate value of credits allowed under 
such section for the most recent calendar year. 
(g) EFFECTIVE DATE.—The amendments made by 
this section shall apply to buildings constructed or ren-
ovated after the date of the enactment of this Act. 
SEC. 4. REPORTS TO CONGRESS. 
(a) BRIEFING.—Not later than 5 years after the date 
of enactment of this Act, the Secretary, in conjunction 
with the Commissioner, shall brief the appropriate con-
gressional committees on the progress of the bill as meas-
ured by the increase of the Nation’s accessible housing 
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