Sec. 10608. Eligibility for participation
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Section 408 is amended— in subsection (a)— by amending paragraph
(1)to read as follows: The household meets either of the following income tests: The adjusted gross income of the household for the last taxable year ending in or with the preceding calendar year does not exceed the greater of— 200 percent of the Federal poverty line, as defined in section 673(2) of the Community Services Block Grant Act ( 42 U.S.C. 9902(2) ), including any revision required by such section, for a family composed of the number of persons in the household at the end of such taxable year; or 80 percent of the median income for the area for such taxable year, as determined by the Secretary of Housing and Urban Development for purposes of section 3(b)(2) of the United States Housing Act of 1937 ( 42 U.S.C. 1437a(b)(2) ), taking into account any family-size adjustment by the Secretary under such section that corresponds to the size of the household at the end of such taxable year. The modified adjusted gross income of the household for the last taxable year ending in or with the preceding calendar year does not exceed the amount described in clause
(ii)for the individual whose eligibility is being determined under this section. The amount described in this clause for an individual is as follows: $40,000 for an individual described in subsection (a)(1) of section 1 of the Internal Revenue Code of 1986. $40,000 for an individual described in subsection (a)(2) of such section. $30,000 for an individual described in subsection
(b)of such section. $20,000 for an individual described in subsection
(c)or
(d)of such section. In the case of a calendar year described in clause
(i)that is after 2020, the dollar amounts in clause
(ii)shall be the dollar amounts determined under this clause (or clause (ii)) for the previous year increased by the annual percentage increase (if any) in the consumer price index (all items; U.S. city average) as of September of the calendar year described in clause (i). Any dollar amount determined under subclause
(I)that is not a multiple of $100 shall be rounded to the next greatest multiple of $100. ; and in paragraph (2), by adding at the end the following new subparagraph: In the case of a calendar year described in subparagraph
(A)that is after 2020, the dollar amount in such subparagraph shall be the dollar amount determined under this clause (or such subparagraph) for the previous year increased by the annual percentage increase (if any) in the consumer price index (all items; U.S. city average) as of September of the calendar year described in such subparagraph. Any dollar amount determined under clause
(i)that is not a multiple of $100 shall be rounded to the next greatest multiple of $100. ; by redesignating subsection
(b)as subsection (c); by inserting after subsection
(a)the following new subsection: For purposes of subsection (a)(1)(A), the adjusted gross income of a household for a taxable year is the sum of the adjusted gross incomes of the individuals who are members of the household at the end of such year. For purposes of subsection (a)(1)(B), the modified adjusted gross income of a household for a taxable year is the sum of the modified adjusted gross incomes of the individuals who are members of the household at the end of such year. ; and in subsection (c), as redesignated by paragraph (2)— by striking , including and all that follows and inserting a period; by striking The Secretary and inserting the following: The Secretary ; and by adding at the end the following new paragraphs: The regulations promulgated under paragraph
(1)shall establish procedures under which an individual described in subparagraph
(B)may transfer from one demonstration project under this title to another demonstration project under this title that is being conducted in another community by a qualified entity that agrees to accept the individual into the project. Such regulations shall not permit such a transfer unless such qualified entity has sufficient amounts in its Reserve Fund to make the deposits required by section 410 with respect to the individual. An individual described in this subparagraph is an individual participating in a demonstration project under this title who moves from the community in which the project is being conducted— because of— a major disaster declared to exist in such community by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5170 ) or an emergency declared to exist in such community by the President under section 501 of such Act ( 42 U.S.C. 5191 ); a situation similar to a major disaster or emergency described in subclause
(I)declared to exist in such community by the Governor of a State; or a qualifying life event experienced by such individual; or in order to secure employment. For purposes of subparagraph (B)(i)(III), the term qualifying life event — means an event determined by the Secretary to be similar to an event that would permit the individual to make an election change with respect to a cafeteria plan under section 125 of the Internal Revenue Code of 1986; and includes— a change in the legal marital status of the individual; a change in the number of dependents of the individual (as such term is used in section 404(8)(E)(ii)); the birth or death of a child of the individual; the adoption or placement for adoption of a child by the individual; a change in the provider of daycare for a child of the individual, or a significant increase in the cost of such daycare; and a change in employment status of the individual, the individual’s spouse, or a dependent of the individual (as such term is used in section 404(8)(E)(ii)). An individual described in subparagraph
(B)shall be permitted to withdraw funds from the individual development account of the individual during the 1-year period following the date such individual moves to another community in the same manner that an individual is permitted under section 410(d)(2) to withdraw funds during the 1-year period following the end of a demonstration project. An individual described in this subparagraph is an individual who— moves to a community where no demonstration project under this title is being conducted; or after moving to another community and making such efforts as the Secretary may require to transfer to another demonstration project under this title, is, for any reason other than a violation of the requirements of this title or regulations promulgated by the Secretary under this title, not accepted into another demonstration project under this title. Any funds remaining in an individual development account after the end of the 1-year period described in subparagraph
(A)shall be treated in the same manner as funds remaining in an individual development account after the end of the 1-year period described in subsection (d)(2)(A) of section 410 are treated under subsection
(f)of such section. The regulations promulgated under paragraph
(1)shall prohibit any individual who is unable to continue participating in a demonstration project under this title for any reason, except for an individual described in paragraph (2)(B) or (3)(B), from being eligible to participate in any other demonstration project conducted under this title. .
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