US SB2554 | 2021-2022 | 117th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 29 2021 - 25% progression
Action: 2021-07-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows owners of rental buildings who provide reductions in rent to their low-income tenants a refundable tax credit for a specified percentage of the difference between market rent and 30% of the monthly family income of such tenants. The bill allocates credit amounts to states for distribution to participating taxpayers.

Tracking Information

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Title

Renters Tax Credit Act of 2021 Renters Tax Credit Act of 2021

Sponsors


History

DateChamberAction
2021-07-29SenateRead twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments 750

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