Certain relocation costs taken into account as rehabilitation expenditures

(a) In general Paragraph (2) of section 42(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (C) Certain relocation costs In the case of a rehabilitation of a building to which section 280B does not apply, costs relating to the relocation of occupants, including— (i) amounts paid to occupants, (ii) amounts paid to third parties for services relating to such relocation, and (iii) amounts paid for temporary housing for occupants, shall be treated as chargeable to capital account and taken into account as rehabilitation expenditures.. (b) Effective date The amendment made by this section shall apply to expenditures paid or incurred after December 31, 2024. (c) No inference Nothing in the amendment made by this section shall be construed to create any inference with respect to the treatment of relocation costs paid or incurred before January 1, 2025.