Senators Introduce Renter Tax Credit Legislation
Sen. Kamala Harris, D-Calif., introduced legislation to create a refundable tax credit for renters who pay more than 30 percent of their annual gross income on rent and utilities. The Rent Relief Act, which is cosponsored by Sens. Dianne Feinstein, D-Calif., Richard Blumenthal, D-Conn., and Maggie Hassan, D-N.H., was introduced in the House last summer, where it has six co-sponsors. The sponsoring senators also released a fact sheet on the legislation.