Rent Relief Act of 2022
Latest action · Jul 13, 2022 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 13, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Jul 13, 2022 to Sep 2, 2022, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Jimmy Gomez | Original | Jul 13, 2022 |
| D-CA | Jimmy Panetta | Original | Jul 13, 2022 |
| D-CA | Scott H. Peters | Original | Jul 13, 2022 |
| D-CA | Sara Jacobs | Aug 9, 2022 | |
| D-CA | Katie Porter | Sep 2, 2022 |
Actions 3
Everything that happened, newest first.
- Jul 13, 2022Introduced in House
- Jul 13, 2022Referred to the House Committee on Ways and Means.
- Jul 13, 2022Sponsor introductory remarks on measure. (CR E727)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4728 | Rent Relief Act of 2022 | Related bill | Aug 2, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 13, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
