Senate Bill 2554
117th Congress(2021-2022)
Renters Tax Credit Act of 2021
Introduced
Introduced in Senate on Jul 29, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2554
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Renters Tax Credit Act of 2021
This bill allows owners of rental buildings who provide reductions in rent to their low-income tenants a refundable tax credit for a specified percentage of the difference between market rent and 30% of the monthly family income of such tenants. The bill allocates credit amounts to states for distribution to participating taxpayers.
July 29, 2021
Sort by most recent
07/29/2021
Read twice and referred to the Committee on Finance.
07/29/2021
Introduced in Senate
Public Record
Record Updated
Jan 1, 2023 11:42:22 PM