US SB1315

Creates a new refundable tax credit equal to 35% of qualified home accessibility improvement expenditures, capped at $10,000 per year and $30,000 lifetime

Eligible individuals include those age 60 or older, recipients of disability or blindness benefits from VA or Social Security, or those with a physician-certified disability, as well as their spouses and dependents living with them

Qualifying improvements include entrance ramps, grab bars, widened doorways, curbless showers, roll-under sinks, stairlifts, non-slip flooring, adaptive fire alarms, bright lighting, and main-floor bedroom/bathroom additions

Income phaseout begins at $400,000 for joint filers ($200,000 for others) and phases out completely over the next $100,000 ($50,000-$75,000 for other filers), with amounts adjusted annually for inflation

Requires GAO study within 3 years examining effectiveness in reducing hospitalizations and Medicare costs, improving daily living activities, and recommending potential expansion to renters or new construction