US Congress House Bill 3670 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on September 1 2017 - 25% progression, died in committee
Action: 2017-09-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Rent Relief Act of 2017

Rep. Joseph Crowley [D-NY]	Rep. Bonnie Coleman [D-NJ]	Rep. Eleanor Norton [D-DC]	Rep. Adriano Espaillat [D-NY]
Rep. Gregory Meeks [D-NY]	Rep. Yvette Clarke [D-NY]	Rep. Barbara Lee [D-CA]	Rep. Jimmy Gomez [D-CA]
Rep. Ted Lieu [D-CA]

Date	Chamber	Action
2017-09-01	House	Referred to the House Committee on Ways and Means.
2017-09-01	House	Introduced in House

SB3250 (Related) 2018-07-19 - Read twice and referred to the Committee on Finance.
HB6671 (Related) 2018-08-14 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/3670/all-info
Text	https://www.congress.gov/115/bills/hr3670/BILLS-115hr3670ih.pdf