TAX CREDIT MATTERS

摘要

U.S. Senator Kamala D. Harris (D-CA) has introduced S.3250, the Rent Relief Act of 2018, which would create a new, refundable tax credit to benefit cost-burdened low- and middle-income renters. Eligible individuals would qualify for the tax credit by determining the total amount spent yearly on rent, taking into account the family's annual income, and the federal government's established rate of fair market rent controls.