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.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.