A bill to amend the Internal Revenue Code of 1954 to allow individuals a refundable tax credit for a portion of the rent which they pay on their principal residences and which is attributable to real property taxes.

Summary

Amends the Internal Revenue Code to allow individuals who are renters of their principal residences an income tax credit for 25 percent of their proportionate share of the State and local real property taxes imposed upon the property on which the residence is located. Limits the amount of the credit to the amount of rent paid by the taxpayer during the taxable year.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 February 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 18 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 18 February 1981

  Open at official source

Sponsors

• Rep. Ottinger, Richard L. [D-NY-24] · D · Sponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Sponsor
• Rep. Evans, David W. [D-IN-6] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to allow individuals a refundable tax credit for a portion of the rent which they pay on their principal residences and which is attributable to real property taxes.