arrow_back Back to App

Tax Credit for Landlords Reducing Rent for Tenants.

This act introduces a new tax credit for property owners who reduce rent for their tenants under state rental reduction programs. The goal is to support low-income individuals by lowering housing costs, while encouraging landlords to offer more affordable rates. The program aims to stabilize housing situations for many families.
Key points
Property owners can receive a tax credit for reducing rent for income-eligible tenants.
The program aims to support low-income renters by providing more affordable housing conditions.
States will develop allocation plans to ensure fair access to credits and monitor their use.
Tenant protections are included, such as prohibiting eviction without good cause and prioritizing tenants moving from other qualified buildings.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2554
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2021-07-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Renters Tax Credit Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2554.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • Property owners can receive a tax credit for reducing rent for income-eligible tenants.
  • The program aims to support low-income renters by providing more affordable housing conditions.
  • States will develop allocation plans to ensure fair access to credits and monitor their use.
  • Tenant protections are included, such as prohibiting eviction without good cause and prioritizing tenants moving from other qualified buildings.
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 Sen. Brown, Sherrod [D-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Real Estate Benefits