Bill Tracker

H.R.3670 - Rent Relief Act

Joseph Crowley
Housing & Homelessness
Tax Policy

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.


Joseph Crowley

New York

Warning: DOMDocument::load( failed to open stream: HTTP request failed! HTTP/1.1 503 Service Unavailable in /var/www/html/app/wp-content/plugins/ff-feed-reader/ff-feed-reader.php on line 111

Warning: DOMDocument::load(): I/O warning : failed to load external entity "" in /var/www/html/app/wp-content/plugins/ff-feed-reader/ff-feed-reader.php on line 111