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Rent Relief Act: Tax Credit for High Rent Payments

This act introduces a new tax credit for individuals paying high rent for their primary residence. If your rent exceeds 30% of your adjusted gross income, you may be eligible for a refundable credit on the excess amount. The law also allows for monthly advance payments of this credit.
Key points
You can receive a tax credit if your rent for your main home is more than 30% of your income.
The credit amount depends on your income; lower incomes receive a higher percentage back.
You can choose to receive monthly advance payments of this credit to help with ongoing costs.
The credit is capped at 100% of the fair market rent for your area to prevent overpayments.
These changes apply to tax years beginning after December 31, 2021.
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Additional Information
Print number: 117_HR_8357
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2022-07-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Rent Relief Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8357.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-13.

What are the main provisions?

Key points include:

  • You can receive a tax credit if your rent for your main home is more than 30% of your income.
  • The credit amount depends on your income; lower incomes receive a higher percentage back.
  • You can choose to receive monthly advance payments of this credit to help with ongoing costs.
  • The credit is capped at 100% of the fair market rent for your area to prevent overpayments.
  • These changes apply to tax years beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davis, Danny K. [D-IL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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