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Rent Relief Act: Tax Credit for Principal Residence Rent

This act introduces a new tax credit for individuals who rent their primary home. If your rent exceeds 30% of your gross income, you may be eligible for a refundable credit. This aims to ease the financial burden of high housing costs.
Key points
You can get a tax credit if your principal residence rent is more than 30% of your gross income.
The credit amount depends on your income, with lower incomes receiving a higher percentage of the excess rent back.
Monthly advance payments of this credit may be available to help with ongoing expenses.
The act applies to tax years starting after December 31, 2022, and ends after December 31, 2024.
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Expired
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Additional Information
Print number: 117_S_4728
Sponsor: Sen. Warnock, Raphael G. [D-GA]
Process start date: 2022-08-02
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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_S_4728.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-08-02.

What are the main provisions?

Key points include:

  • You can get a tax credit if your principal residence rent is more than 30% of your gross income.
  • The credit amount depends on your income, with lower incomes receiving a higher percentage of the excess rent back.
  • Monthly advance payments of this credit may be available to help with ongoing expenses.
  • The act applies to tax years starting after December 31, 2022, and ends after December 31, 2024.
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. Warnock, Raphael G. [D-GA].

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.

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