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118th Congress Taxation

H.R. 6721: Rent Relief Act of 2023

Introduced

  1. Introduced (completed)Dec 12, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Dec 12, 2023

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 and provide for an outreach program to increase enrollment of taxpayers in the renter tax credit program.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

27

Who scored on this bill

6 points earned
  1. 1Danny Davis D-IL SponsorIntroduced, reached a cosponsor milestone2 events+6
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Other bills by Danny Davis

History

  1. Dec 12, 2023Introduced in the House by Danny Davis.
Show the full action history (2 actions)
  1. Dec 12, 2023Introduced in House
  2. Dec 12, 2023Referred to the House Committee on Ways and Means.