Rent Relief Act of 2017

Summary

Rent Relief Act of 2017 This bill amends the Internal Revenue Code to allow a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year. The amount of the credit ranges from 10% to 100% of the excess, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $125,000. Rent that exceeds 150% of the fair market rent for the residence may not be taken into account for the purpose of determining the amount of the credit. For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence.

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Timeline

1. 1 September 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 September 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 September 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 September 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 1 September 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Crowley, Joseph [D-NY-14] · D · Sponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• Rep. Espaillat, Adriano [D-NY-13] · D · Cosponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Cosponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Cosponsor
• Rep. Lee, Barbara [D-CA-12] · D · Cosponsor
• Rep. Gomez, Jimmy [D-CA-34] · D · Cosponsor
• Rep. Lieu, Ted [D-CA-36] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Rent Relief Act of 2018
• related to ← Rent Relief Act of 2018