Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
117-hr-8357117th Congress
Rent Relief Act of 2022
Sponsored By: Representative Davis, Danny K. [D-IL-7]
Unknown
Summary
Rent Relief Act of 2022 This bill allows a refundable income tax credit for individuals who pay rent for a principal residence that exceeds 30% of their adjusted gross income for the taxable year. The amount of the credit ranges from 25% to 100% of the excess rent, depending on the adjusted gross income of the taxpayer. The credit is not available for taxpayers with adjusted gross incomes that exceed $100,000. Rent that exceeds 100% of the small area fair market rent (including the utility allowance) for the residence may not be taken into account in determining the amount of the credit. The Department of the Treasury must establish a program for making advance payments of the credit on a monthly basis.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Davis, Danny K. [D-IL-7]
IL • D
Cosponsors
Rep. Gomez, Jimmy [D-CA-34]
CA • D
Sponsored 7/13/2022
Rep. Peters, Scott H. [D-CA-50]
CA • D
Sponsored 7/13/2022
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 7/13/2022
Rep. Jacobs, Sara [D-CA-51]
CA • D
Sponsored 8/9/2022
Rep. Porter, Katie [D-CA-47]
CA • D
Sponsored 9/2/2022
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov