3.0.0 4479 2023-01-11T13:26:38Z 2023-01-11T13:26:38Z House H HR 2014-04-10 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RANGEL:H.R. 4479.Congress has the power to enact this legislation pursuantto the following:Article XVI of the Constitution--Congress shall have powerto lay and collect taxes on incomes . . .[Page H3198]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-04-10T13:03:15Z 2014-04-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-10 Introduced in House IntroReferral 1000 9 Library of Congress R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 N Taxation Housing supply and affordability Income tax credits Low- and moderate-income housing Real estate business Taxation 00 2014-04-10 Introduced in House 2014-06-17T15:16:02Z Renters Tax Credit Act of 2014 - Amends the Internal Revenue Code to allow a business-related tax credit for a portion of the rent paid by a qualified renter.

Defines "qualified renter" as a family unit with income not greater than the higher of 60% of local median income or 150% of the federal poverty line.

Establishes the amount of such credit as the rent reduction amount, which: (1) is the amount by which the fair market rent for a rental unit exceeds the rent charged to the qualified renter; and (2) shall not exceed the excess of the rent charged to the qualified renter (or, if lower, specified modest rent) over 30% of the qualified renter's income (prorated monthly).

]]> Renters Tax Credit Act of 2014 Display Title Renters Tax Credit Act of 2014 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a renter's credit. Introduced in House IH Short Titles as Introduced Renters Tax Credit Act of 2014 Introduced in House 2014-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4479ih/xml/BILLS-113hr4479ih.xml 2014-04-10 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.