HR 2169 116th Congress House Taxation Housing supply and affordability Income tax credits Tax administration and collection, taxpayers

Rent Relief Act of 2019

Introduced: April 9, 2019 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 9, 2019

Referred to the House Committee on Ways and Means.

Apr 9, 2019

Introduced in House

Plain-English summary Congressional Research Service

Rent Relief Act of 2019

This bill allows 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 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 100% of the small area fair market rent (including the utility allowance) 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.

The Department of the Treasury must establish a program for making advance payments of the credit on a monthly basis.

What's happening now April 9, 2019

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1