Replaces the term “home construction contract” with “residential construction contract” throughout the Internal Revenue Code, updates related cross-references, and adjusts the alternative minimum tax rule to use the new term. The change applies to contracts entered into after the law is enacted.

This is a technical, terminology-focused amendment intended to align statutory language and cross-references; it does not create new tax benefits or new programmatic requirements beyond updating the name used in the tax code and related rules.