instruction:
In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
question:
-S-E-C-T-I-O-N -1-. -A-C-Q-U-I-S-I-T-I-O-N -O-F -R-O-O-S-E-V-E-L-T 
              -F-A-M-I-L-Y -L-A-N-D-S-.

    -(-a-) -I-n -G-e-n-e-r-a-l-.---
            -(-1-) -G-e-n-e-r-a-l -a-u-t-h-o-r-i-t-y-.----T-h-e 
        -S-e-c-r-e-t-a-r-y -o-f -t-h-e -I-n-t-e-r-i-o-r 
        -(-h-e-r-e-i-n-a-f-t-e-r -r-e-f-e-r-r-e-d -t-o -a-s -t-h-e 
        -`-`-S-e-c-r-e-t-a-r-y-'-'-) -m-a-y -a-c-q-u-i-r-e-, -b-y 
        -p-u-r-c-h-a-s-e -w-i-t-h -d-o-n-a-t-e-d -o-r 
        -a-p-p-r-o-p-r-i-a-t-e-d -f-u-n-d-s-, -d-o-n-a-t-i-o-n-, -o-r 
        -o-t-h-e-r-w-i-s-e-, -l-a-n-d-s -a-n-d -i-n-t-e-r-e-s-t-s -i-n 
        -l-a-n-d -(-i-n-c-l-u-d-i-n-g -d-e-v-e-l-o-p-m-e-n-t 
        -r-i-g-h-t-s -a-n-d -e-a-s-e-m-e-n-t-s-) -i-n -t-h-e 
        -p-r-o-p-e-r-t-i-e-s -l-o-c-a-t-e-d -a-t -H-y-d-e -P-a-r-k-, 
        -N-e-w -Y-o-r-k-, -t-h-a-t -w-e-r-e -o-w-n-e-d -b-y 
        -F-r-a-n-k-l-i-n -D-. -R-o-o-s-e-v-e-l-t -o-r -h-i-s 
        -f-a-m-i-l-y -a-t -t-h-e -t-i-m-e -o-f -h-i-s -d-e-a-t-h-, -a-s 
        -d-e-p-i-c-t-e-d -o-n -t-h-e -m-a-p -e-n-t-i-t-l-e-d 
        -`-`-R-o-o-s-e-v-e-l-t -F-a-m-i-l-y -E-s-t-a-t-e-'-' -a-n-d 
        -d-a-t-e-d -N-o-v-e-m-b-e-r -1-9-, -1-9-9-3-.
            -(-2-) -L-i-m-i-t-a-t-i-o-n-s-.---
                    -(-A-) -R-e-s-i-d-e-n-t-i-a-l -p-r-o-p-e-r-t-y-.---
                -T-h-e -S-e-c-r-e-t-a-r-y -m-a-y -o-n-l-y 
                -a-c-q-u-i-r-e -t-h-o-s-e -r-e-s-i-d-e-n-t-i-a-l 
                -p-r-o-p-e-r-t-i-e-s -o-n -t-h-e -l-a-n-d-s -a-n-d 
                -i-n-t-e-r-e-s-t-s -i-n -l-a-n-d -d-e-p-i-c-t-e-d -o-n 
                -t-h-e -m-a-p -r-e-f-e-r-r-e-d -t-o -i-n 
                -s-u-b-s-e-c-t-i-o-n -(-a-) -t-h-a-t -w-e-r-e 
                -o-w-n-e-d -o-r -o-c-c-u-p-i-e-d -b-y -F-r-a-n-k-l-i-n 
                -D-. -R-o-o-s-e-v-e-l-t -o-r -h-i-s -f-a-m-i-l-y-, 
                -i-n-c-l-u-d-i-n-g -h-i-s -p-a-r-e-n-t-s-, 
                -s-i-b-l-i-n-g-s-, -w-i-f-e-, -a-n-d -c-h-i-l-d-r-e-n-.
                    -(-B-) -S-t-a-t-e -l-a-n-d-s-.----L-a-n-d-s -a-n-d 
                -i-n-t-e-r-e-s-t-s -i-n -l-a-n-d -d-e-p-i-c-t-e-d -o-n 
                -t-h-e -m-a-p -r-e-f-e-r-r-e-d -t-o -i-n 
                -s-u-b-s-e-c-t-i-o-n -(-a-) -t-h-a-t -a-r-e -o-w-n-e-d 
                -b-y -t-h-e -S-t-a-t-e -o-f -N-e-w -Y-o-r-k-, -o-r -a 
                -p-o-l-i-t-i-c-a-l -s-u-b-d-i-v-i-s-i-o-n -o-f -t-h-e 
                -S-t-a-t-e-, -m-a-y -o-n-l-y -b-e -a-c-q-u-i-r-e-d -b-y 
                -d-o-n-a-t-i-o-n-.
            -(-3-) -P-r-i-o-r-i-t-y-.----I-n -a-c-q-u-i-r-i-n-g 
        -l-a-n-d-s -a-n-d -i-n-t-e-r-e-s-t-s -i-n -l-a-n-d 
        -p-u-r-s-u-a-n-t -t-o -t-h-i-s -s-e-c-t-i-o-n-, -t-h-e 
        -S-e-c-r-e-t-a-r-y -s-h-a-l-l-, -t-o -t-h-e -e-x-t-e-n-t 
        -p-o-s-s-i-b-l-e-, -g-i-v-e -p-r-i-o-r-i-t-y -t-o 
        -a-c-q-u-i-r-i-n-g -t-h-e -t-r-a-c-t -o-f -l-a-n-d-s 
        -c-o-m-m-o-n-l-y -k-n-o-w-n -a-s -t-h-e -`-`-O-p-e-n -P-a-r-k 
        -H-o-d-h-o-m-e -T-r-a-c-t-'-'-, -a-s -g-e-n-e-r-a-l-l-y 
        -d-e-p-i-c-t-e-d -o-n -t-h-e -m-a-p -r-e-f-e-r-r-e-d -t-o -i-n 
        -s-u-b-s-e-c-t-i-o-n -(-a-)-.
            -(-4-) -C-o-s-t-s-.----T-h-e -S-e-c-r-e-t-a-r-y -m-a-y 
        -p-a-y -t-h-e -c-o-s-t-s-, -i-n-c-l-u-d-i-n-g -t-i-t-l-e 
        -s-e-a-r-c-h -a-n-d -s-u-r-v-e-y-, -a-s-s-o-c-i-a-t-e-d 
        -w-i-t-h -t-h-e -a-c-q-u-i-s-i-t-i-o-n -o-f -l-a-n-d-s -a-n-d 
        -i-n-t-e-r-e-s-t-s -i-n -l-a-n-d -p-u-r-s-u-a-n-t -t-o -t-h-i-s 
        -s-e-c-t-i-o-n-.
    -(-b-) -A-d-m-i-n-i-s-t-r-a-t-i-o-n-.----L-a-n-d-s -a-n-d 
-i-n-t-e-r-e-s-t-s -i-n -l-a-n-d -a-c-q-u-i-r-e-d -b-y -t-h-e 
-S-e-c-r-e-t-a-r-y -p-u-r-s-u-a-n-t -t-o -t-h-i-s -s-e-c-t-i-o-n 
-s-h-a-l-l -b-e -a-d-d-e-d -t-o-, -a-n-d -a-d-m-i-n-i-s-t-e-r-e-d -a-s 
-p-a-r-t -o-f-, -t-h-e -F-r-a-n-k-l-i-n -D-e-l-a-n-o -R-o-o-s-e-v-e-l-t 
-N-a-t-i-o-n-a-l -H-i-s-t-o-r-i-c -S-i-t-e -o-r -t-h-e -E-l-e-a-n-o-r 
-R-o-o-s-e-v-e-l-t -N-a-t-i-o-n-a-l -H-i-s-t-o-r-i-c -S-i-t-e-, -a-s 
-a-p-p-r-o-p-r-i-a-t-e-.
    -(-c-) -A-u-t-h-o-r-i-z-a-t-i-o-n -o-f 
-A-p-p-r-o-p-r-i-a-t-i-o-n-s-.----T-h-e-r-e -a-r-e -a-u-t-h-o-r-i-z-e-d 
-t-o -b-e -a-p-p-r-o-p-r-i-a-t-e-d -s-u-c-h -s-u-m-s -a-s -a-r-e 
-n-e-c-e-s-s-a-r-y -t-o -c-a-r-r-y -o-u-t -t-h-i-s -A-c-t-.

SECTION 1. ACQUISITION OF LANDS.

    (a) In General.--(1) The Secretary of the Interior (hereinafter 
referred to as the ``Secretary'') is authorized to acquire, by purchase 
with donated or appropriated funds, donation, or otherwise, lands and 
interests therein in the following properties located at Hyde Park, New 
York identified as lands critical for protection as depicted on the map 
entitled ``Roosevelt Family Estate'' and dated September 1994:
            (A) The ``Open Park Hodhome Tract'', consisting of 
        approximately 30 acres, which shall be the highest priority for 
        acquisition.
            (B) The ``Top Cottage Tract'', consisting of approximately 
        30 acres.
            (C) The ``Poughkeepsie Shopping Center, Inc. Tract'', 
        consisting of approximately 55 acres.
    (b) Administration.--Lands and interests therein acquired by the 
Secretary pursuant to this Act shall be added to, and administered by 
the Secretary as part of the Franklin Delano Roosevelt National 
Historic Site or the Eleanor Roosevelt National Historic Site, as 
appropriate.
    (c) Authorization of Appropriations.--There are hereby authorized 
to be appropriated not to exceed $3,000,000 to carry out this Act.
answer:
Authorizes the Secretary of the Interior to acquire lands and interests in specified properties located at Hyde Park, New York, identified as lands critical for protection on the Roosevelt Family Estate to be added to and administered by the Secretary as part of the Franklin Delano Roosevelt National Historic Site or the Eleanor Roosevelt National Historic Site. Authorizes appropriations.


question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Design Services Act of 
2014''.

SEC. 2. ARCHITECT LOAN REPAYMENT PROGRAM.

    Title I of the Housing and Community Development Act of 1974 (42 
U.S.C. 5301 et seq.) is amended by adding at the end the following new 
section:

``SEC. 5322. ARCHITECT LOAN REPAYMENT PROGRAM.

    ``(a) Authorization.--The Secretary may establish and carry out a 
loan repayment program for eligible architects (in this section 
referred to as the `loan repayment program') who provide eligible 
design services on behalf of a Community Design Center.
    ``(b) Contract.--To be eligible to participate in the loan 
repayment program, an eligible architect shall enter into a written 
contract with the Secretary that contains--
            ``(1) an agreement under which--
                    ``(A) the eligible architect agrees to provide 
                eligible design services on behalf of a Community 
                Design Center for a period of not shorter than 1 year; 
                and
                    ``(B) the Secretary agrees to make payments on the 
                principal and interest of qualifying educational loans 
                of the eligible architect in an amount to be determined 
                by the Secretary for the period of time the eligible 
                architect provides such eligible design services;
            ``(2) a provision that any financial obligation of the 
        United States arising out of a contract entered into under this 
        subsection and any obligation of the eligible architect which 
        is conditioned thereon, is contingent upon funds being 
        appropriated for the loan repayment program under this section; 
        and
            ``(3) a statement of the damages to which the United States 
        is entitled under subsection (f) if the eligible architect 
        breaches the contract.
    ``(c) Eligible Design Services.--The term `eligible design 
services' means research or design services as follows:
            ``(1) The design, including the preparation of construction 
        documents, of housing facilities, schools, health clinics, 
        libraries, community centers, and other public facilities 
        (except for buildings used for the general conduct of 
        government).
            ``(2) The development of comprehensive long-range community 
        development plans.
            ``(3) The development of plans for neighborhoods that are 
        appropriate for rehabilitation or conservation activities, 
        including neighborhoods that are blighted, deteriorated, or 
        deteriorating.
            ``(4) The preservation or rehabilitation of historic sites.
            ``(5) The design, including the preparation of construction 
        documents, of building retrofits for energy and water 
        efficiency and conservation improvements.
            ``(6) Assessment of the safety of structures that are in 
        disrepair or have been damaged as the result of natural or 
        manmade disasters.
            ``(7) The design of improvements that remove architectural 
        barriers which restrict the mobility of elderly individuals and 
        individuals with disabilities.
            ``(8) Plans for the redevelopment of traditional main 
        streets and business districts.
            ``(9) Other activities as the Secretary may determine.
    ``(d) Application.--The Secretary shall provide for an eligible 
architect to submit an application to participate in the loan repayment 
program to the Secretary at such time, in such manner, and containing 
such information as the Secretary may require which shall include--
            ``(1) proof of employment by a Community Design Center for 
        a period of not less than 1 year;
            ``(2) a statement of the amount of compensation the 
        eligible architect will receive from the Community Design 
        Center; and
            ``(3) a contract entered into pursuant to subsection (b).
    ``(e) Selection.--The Secretary shall select, from applications 
submitted under subsection (d), eligible architects to participate in 
the loan repayment program.
    ``(f) Administration.--
            ``(1) Contracting authority.--The Secretary may enter into 
        a contract with another Federal agency to assist in the 
        administration of this program.
            ``(2) Breach.--
                    ``(A) In general.--A contract described in 
                subsection (b) shall provide remedies for any breach of 
                such contract by an eligible architect, including 
                repayment or partial repayment of financial assistance 
                received with interest.
                    ``(B) Amounts recovered.--Funds recovered under 
                this paragraph shall be credited to the account 
                available to carry out this section and shall remain 
                available until expended.
                    ``(C) Waiver.--The Secretary may grant a waiver of 
                any repayment obligation for breach of contract in the 
                event of extreme hardship or extreme need, as 
                determined by the Secretary.
            ``(3) Amount.--The Secretary shall develop regulations to 
        determine the amount of loan repayment for 1 year of service by 
        an eligible architect. In making the determination, the 
        Secretary shall maximize the number of contracts that can be 
        provided under the program from the amounts appropriated for 
        such contracts.
            ``(4) Qualifying educational loans.--Loan repayments 
        provided under this section may consist of payments on behalf 
        of eligible architects of the principal and interest on 
        government and commercial loans received by the eligible 
        architect for attendance at an accredited masters program in 
        architecture, which loans were made for--
                    ``(A) tuition expenses;
                    ``(B) all other reasonable educational expenses, 
                including fees, books, technology, and studio expenses 
                incurred by the eligible architect; or
                    ``(C) reasonable living expenses as determined by 
                the Secretary.
            ``(5) Repayment schedule.--The Secretary may contract with 
        an eligible architect's loan provider for the payment to the 
        loan provider, on behalf of the eligible architect, of the 
        amount of a loan repayment described in paragraph (3).
    ``(g) Construction.--Nothing in this section shall be construed to 
allow a Community Design Center to prepare building plans or 
construction documents that do not comply with applicable State and 
local laws and regulations related to building codes and permits.
    ``(h) Definitions.--In this section the following definitions shall 
apply:
            ``(1) Community design center.--The term `Community Design 
        Center' means a non-profit organization operated and managed by 
        a licensed architect that conducts research and provides 
        eligible design services for community development projects.
            ``(2) Eligible architect.--The term `eligible architect' 
        means an individual who--
                    ``(A) has completed an accredited masters program 
                in architecture; or
                    ``(B) is an intern architect who has completed an 
                accredited masters program in architecture and is 
                enrolled in the Intern Development Program of the 
                National Council of Architectural Registration Boards.
            ``(3) State.--The term `State' means each of the several 
        States, the District of Columbia, and any territory or 
        possession of the United States.
    ``(i) Authorization of Appropriations.--There are authorized to be 
appropriated for carrying out this section such sums as may be 
necessary, to remain available until expended.''.
answer:
National Design Services Act of 2014 - Amends the Housing and Community Development Act of 1974 to authorize the Secretary of Housing and Urban Development (HUD) to establish a loan repayment program for eligible architects who provide certain design services on behalf of a Community Design Center (a non-profit organization operated and managed by a licensed architect that conducts research and provides design services for community development projects). Requires an eligible architect, in order to participate in the loan repayment program, to enter into a written contract with the Secretary that contains:   an agreement under which: (1) the architect agrees to provide eligible design services on behalf of a Community Design Center for at least one year, and (2) the Secretary agrees to pay the principal and interest of the architect's qualifying educational loans for the period of time the architect provides such services; a provision that any U.S. financial obligation arising out of the contract, and any obligation of the architect, is contingent upon appropriations for the loan repayment program; and a statement of the damages to which the United States is entitled if the eligible architect breaches the contract. 


question:
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeowners Insurance and Mitigation 
Assistance Act of 2008''.

SEC. 2. NONREFUNDABLE PERSONAL CREDIT FOR CERTAIN HOMEOWNERS INSURANCE 
              PREMIUMS.

    (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 25D the following new section:

``SEC. 25E. CERTAIN HOMEOWNERS INSURANCE PREMIUMS.

    ``(a) Allowance of Credit.--In the case of an eligible individual, 
there shall be allowed as a credit against the tax imposed by this 
chapter for the taxable year an amount equal to 50 percent of the 
taxpayer's qualified homeowners insurance premium for such taxable 
year.
    ``(b) Limitations.--
            ``(1) Maximum credit.--The credit allowed under subsection 
        (a) for any taxable year shall not exceed $500.
            ``(2) Limitation based on adjusted gross income.--The 
        amount of the credit allowable under subsection (a) shall be 
        reduced (but not below zero) by 2 percentage points for each 
        percentage point (or fraction thereof) by which the taxpayer's 
        adjusted gross income exceeds the State median income for such 
        a taxpayer for the preceding taxable year in the State in which 
        the principal residence of such taxpayer is located.
            ``(3) Limitation based on amount of tax.--In the case of a 
        taxable year to which section 26(a)(2) does not apply, the 
        credit allowed under subsection (a) for any taxable year shall 
        not exceed the excess of--
                    ``(A) the sum of the regular tax liability (as 
                defined in section 26(b)) plus the tax imposed by 
                section 55, over
                    ``(B) the sum of the credits allowable under this 
                subpart (other than this section and sections 23, 24, 
                and 25B) and section 27 for the taxable year.
    ``(c) Eligible Individual.--For purposes of this section--
            ``(1) In general.--The term `eligible individual' means any 
        taxpayer whose principal residence is--
                    ``(A) substantially the same dwelling unit during 
                the applicable period, and
                    ``(B) located in either--
                            ``(i) an area determined by the President 
                        to warrant individual or individual and public 
                        assistance from the Federal Government under 
                        the Robert T. Stafford Disaster Relief and 
                        Emergency Assistance Act by reason of one or 
                        more hurricanes during 2004 or 2005, or
                            ``(ii) a county--
                                    ``(I) located in a State which 
                                borders the Atlantic Ocean or the Gulf 
                                of Mexico, and
                                    ``(II) which is determined by the 
                                Secretary, in consultation with the 
                                National Association of Insurance 
                                Commissioners, to have experienced a 
                                higher than average increase in 
                                homeowners insurance premiums during 
                                2004, 2005, 2006, or 2007 due to 
                                hurricane risk.
            ``(2) Applicable period.--The term `applicable period' 
        means--
                    ``(A) in the case of an area described in paragraph 
                (1)(B)(i), the period beginning the day before the 
                determination described in such paragraph and ending on 
                the last day of the taxable year, and
                    ``(B) in the case of an area described in paragraph 
                (1)(B)(ii), the period beginning on September 1, 2005, 
                and ending before the last day of the taxable year.
    ``(d) Qualified Homeowners Insurance Premium.--For purposes of this 
section--
            ``(1) In general.--The term `qualified homeowners insurance 
        premium' for any taxable year means an amount equal to the 
        qualifying percentage of the eligible individual's homeowners 
        insurance premium in effect on the first policy anniversary 
        date (or, if greater, the second policy anniversary date) 
        following the beginning of such individual's applicable period.
            ``(2) Qualifying percentage.--The term `qualifying 
        percentage' is equal to the excess (expressed in percentage 
        points) of--
                    ``(A) the eligible individual's percentage increase 
                in homeowners insurance premium between the last policy 
                anniversary before the beginning of such individual's 
                applicable period and the policy anniversary date (as 
                determined under paragraph (1)) following the beginning 
                of such individual's applicable period, over
                    ``(B) the national average percentage increase in 
                homeowners insurance premiums between the same dates as 
                determined by the Secretary, in consultation with the 
                National Association of Insurance Commissioners.
    ``(e) Other Definitions.--For purposes of this section--
            ``(1) Principal residence.--The term `principal residence' 
        has the same meaning as when used in section 121.
            ``(2) Homeowners insurance.--The term `homeowners 
        insurance' means any insurance covering a principal residence.
    ``(f) Termination.--This section shall not apply to taxable years 
beginning after December 31, 2009.''.
    (b) Conforming Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 25D the following new 
item:

``Sec. 25E. Certain homeowners insurance premiums.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.

SEC. 3. NONREFUNDABLE PERSONAL CREDIT FOR HURRICANE, EARTHQUAKE, AND 
              TORNADO MITIGATION PROPERTY.

    (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 25E, as amended by section 2, the following new section:

``SEC. 25F. HURRICANE, EARTHQUAKE, AND TORNADO MITIGATION PROPERTY.

    ``(a) Allowance of Credit.--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 25 percent of the qualified 
hurricane, earthquake, and tornado mitigation property expenditures 
made by the taxpayer during such taxable year.
    ``(b) Maximum Credit.--The credit allowed under subsection (a) for 
any taxable year shall not exceed $5,000.
    ``(c) Qualified Hurricane, Earthquake, and Tornado Mitigation 
Expenditure.--For purposes of this section--
            ``(1) In general.--The term `qualified hurricane, 
        earthquake, and tornado mitigation property expenditure' means 
        an expenditure for property--
                    ``(A) to improve the strength of a roof deck 
                attachment,
                    ``(B) to create a secondary water barrier to 
                prevent water intrusion,
                    ``(C) to improve the durability of a roof covering,
                    ``(D) to brace gable-end walls,
                    ``(E) to reinforce the connection between a roof 
                and supporting wall,
                    ``(F) to protect openings from penetration by 
                windborne debris or by wind-driven rain, or
                    ``(G) to protect exterior doors and garages,
        in a qualified dwelling unit located in a qualified State and 
        owned by the taxpayer.
            ``(2) Qualified dwelling unit.--The term `qualified 
        dwelling unit' means a dwelling unit that is assessed at a 
        value that is less than $1,000,000 by the locality in which 
        such dwelling unit is located and with respect to the taxable 
        year for which the credit described in subsection (a) is 
        allowed.
            ``(3) Qualified state.--The term `qualified State' means 
        Alabama, Arkansas, Colorado, Connecticut, Delaware, Florida, 
        Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, 
        Louisiana, Maine, Maryland, Massachusetts, Minnesota, 
        Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New 
        York, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode 
        Island, South Carolina, South Dakota, Tennessee, Texas, or 
        Virginia.
    ``(d) Limitation.--An expenditure shall be taken into account in 
determining the qualified hurricane, earthquake, and tornado mitigation 
property expenditures made by the taxpayer during the taxable year only 
if the onsite preparation, assembly, or original installation of the 
property with respect to which such expenditure is made has been 
completed in a manner that is deemed to be adequate by a State-
certified inspector.
    ``(e) Labor Costs.--For purposes of this section, expenditures for 
labor costs properly allocable to the onsite preparation, assembly, or 
original installation of the property described in subsection (c) shall 
be taken into account in determining the qualified hurricane, 
earthquake, and tornado mitigation property expenditures made by the 
taxpayer during the taxable year.
    ``(f) Inspection Costs.--For purposes of this section, expenditures 
for inspection costs properly allocable to the inspection of the 
preparation, assembly, or installation of the property described in 
subsection (c) shall be taken into account in determining the qualified 
hurricane, earthquake, and tornado mitigation property expenditures 
made by the taxpayer during the taxable year.''.
    (b) Conforming Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code, as amended by 
section 2, is amended by inserting after the item relating to section 
25E the following new item:

``Sec. 25F. Hurricane, earthquake, and tornado mitigation property.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.

SEC. 4. BUSINESS RELATED CREDIT FOR HURRICANE, EARTHQUAKE, AND TORNADO 
              MITIGATION.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 45Q. HURRICANE, EARTHQUAKE, AND TORNADO MITIGATION CREDIT.

    ``(a) General Rule.--For purposes of section 38, the hurricane, 
earthquake, and tornado mitigation credit determined under this section 
for any taxable year is an amount equal to 25 percent of the qualified 
hurricane, earthquake, and tornado mitigation property expenditures 
made by the taxpayer during the taxable year.
    ``(b) Maximum Credit.--The amount of the credit determined under 
subsection (a) for any taxable year shall not exceed $5,000.
    ``(c) Qualified Hurricane, Earthquake, and Tornado Mitigation 
Expenditure.--For purposes of this section--
            ``(1) In general.--The term `qualified hurricane, 
        earthquake, and tornado mitigation property expenditure' means 
        an expenditure for property--
                    ``(A) to improve the strength of a roof deck 
                attachment,
                    ``(B) to create a secondary water barrier to 
                prevent water intrusion,
                    ``(C) to improve the durability of a roof covering,
                    ``(D) to brace gable-end walls,
                    ``(E) to reinforce the connection between a roof 
                and supporting wall,
                    ``(F) to protect openings from penetration by 
                windborne debris or wind-driven rain, or
                    ``(G) to protect exterior doors and garages,
        in a qualified place of business located in a qualified State 
        and owned by the taxpayer.
            ``(2) Qualified place of business.--The term `qualified 
        place of business' means a place of business that is assessed 
        at a value that is less than $5,000,000 by the locality in 
        which such business is located and with respect to the taxable 
        year for which the credit described in subsection (a) is 
        allowed.
            ``(3) Qualified state.--The term `qualified State' means 
        Alabama, Arkansas, Colorado, Connecticut, Delaware, Florida, 
        Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, 
        Louisiana, Maine, Maryland, Massachusetts, Minnesota, 
        Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New 
        York, North Carolina, Ohio, Pennsylvania, Rhode Island, South 
        Carolina, South Dakota, Tennessee, Texas, or Virginia.
    ``(d) Limitation.--An expenditure shall be taken into account in 
determining the qualified hurricane, earthquake, and tornado mitigation 
property expenditures made by the taxpayer during the taxable year only 
if the onsite preparation, assembly, or original installation of the 
property with respect to which such expenditure is made has been 
completed in a manner that is deemed to be adequate by a State-
certified inspector.
    ``(e) Labor Costs.--For purposes of this section, expenditures for 
labor costs properly allocable to the onsite preparation, assembly, or 
original installation of the property described in subsection (c) shall 
be taken into account in determining the qualified hurricane, 
earthquake, and tornado mitigation property expenditures made by the 
taxpayer during the taxable year.
    ``(f) Inspection Costs.--For purposes of this section, expenditures 
for inspection costs properly allocable to the inspection of the 
preparation, assembly, or installation of the property described in 
subsection (c) shall be taken into account in determining the qualified 
hurricane, earthquake, and tornado mitigation property expenditures 
made by the taxpayer during the taxable year.''.
    (b) Conforming Amendments.--
            (1) Section 38(b) of such Code is amended by striking 
        ``plus'' at the end of paragraph (32), by striking the period 
        at the end of paragraph (33) and inserting ``, and'', and by 
        adding at the end the following new paragraph:
            ``(34) the hurricane, earthquake, and tornado mitigation 
        credit determined under section 45Q(a).''.
            (2) The table of sections for subpart D of part IV of 
        subchapter A of chapter 1 of such Code is amended by adding at 
        the end the following new item:

``Sec. 45Q. Hurricane, earthquake, and tornado mitigation credit.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.
answer:

Homeowners Insurance and Mitigation Assistance Act of 2008 - Amends the Internal Revenue Code to allow tax credits for: (1) 50% of the increases in homeowners insurance premiums for taxpayers whose principal residences are located in certain federally declared hurricane disaster areas or in states which border the Atlantic Ocean or the Gulf of Mexico, up to $500 annually; and (2) 25% of the qualified hurricane, earthquake, and tornado mitigation property expenditures of homeowners and businesses, up to $5,000 annually. Includes within the definition of "qualified hurricane, earthquake, and tornado mitigation expenditures" expenditures for property to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, reinforce the connection between a roof and a supporting wall, and protect exterior doors and garages.