S 4728 · 117th Congress

Rent Relief Act of 2022

<p><b>Rent Relief Act of 2022</b></p> <p>This bill allows a refundable tax credit through 2024 for individuals who pay rent for a principal residence that exceeds 30% of their gross income for the taxable year. </p> <p>The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross incom…

Sponsor

Warnock, Raphael G. (D-GA)

Introduced

2022-08-02

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.