,,ii  #aaeth ,,congress  #b;d ,session  
,s4 #cbej  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ai1     
#bjah,ms4 ,harris 7for herself1 ,mrs4   
,feinstein1 ,mr4 ,blumenthal1 and ,ms4  
,hassan7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to allow for a credit against tax 
for rent paid on the personal residence 
of the taxpayer4  #a4 ,short title ,this
 ,act may be cited as the ,rent ,relief 
,act of #bjah4  #b4 ,refundable credit  
for rent paid for principal residence   
7a7 ,in general ,subpart ,c of part ,,iv
 of subchapter ,a of chapter #a of the  
,internal ,revenue ,code of #aihf is    
amended by inserting after section      
#cf;,b the following new section3       
#cf;,c4 ,rent paid for principal        
residence  7a7 ,in general ,in the case 
of an individual who leases the         
individual's principal residence 7within
 the meaning of section #aba7 during the

 taxable year and who pays rent with    
respect to such residence in excess of  
#cj percent of the taxpayer's gross     
income for such taxable year1 there     
shall be allowed as a credit against the
 tax imposed by this subtitle for such  
taxable year an amount equal to the     
applicable percentage of such excess4   
7b7 ,credit limited by #aej percent of  
fair market rent ,solely for purposes of
 determining the amount of the credit   
allowed under subsection 7a7 with       
respect to a residence for the taxable  
year1 there shall not be taken into     
account rent in excess of an amount     
equal to #aej percent of the fair market
 rent 7including the utility allowance7 
applicable to the residence involved 7as
 most recently published1 as of the     
beginning of the taxable year1 by the   
,department of ,housing and ,urban      
,development74  7c7 ,definitions and    
special rules ,for purposes of this     
section-- 7#a7 ,applicable percentage   
7,a7 ,in general ,except as provided in 

subparagraph 7,b71 the applicable       
percentage shall be determined in       
accordance with the following table3    
,the applicable,if gross income         
is3percentage is3,not over #be1jjjajj   
percent,over #be1jjj1 but not over      
#ej1jjjge percent,over #ej1jjj1 but not 
over #ge1jjjej percent,over #ge1jjj1 but
 not over #ajj1jjjbe percent,over       
#ajj1jjjj percent4  7,b7 ,high-cost     
areas ,in the case of an individual     
whose principal residence is located in 
an area for which1 under the rule       
published in the ,federal ,register on  
,november #af1 #bjaf 7#ha ,fed4 ,reg4   
#hjefg71 the small area fair market rent
 is used for purposes of the ,housing   
,choice ,voucher ,program1 the table    
contained in subparagraph 7,a7 shall be 
applied by substituting #abe1jjj for    
#ajj1jjj each place it appears4  7#b7   
,partial year residence ,the ,secretary 
shall prescribe such rules as are       
necessary to carry out the purposes of  
this section for taxpayers with respect 

to whom a residence is a principal      
residence for only a portion of the     
taxable year4  7#c7 ,special rule for   
individuals residing in                 
government-subsidized housing ,in the   
case of a principal residence-- 7,a7 the
 rent with respect to which is          
subsidized under a ,federal1 ,state1    
local1 or tribal program1 and  7,b7 with
 respect to which the taxpayer elects   
the application of this paragraph1  in  
lieu of the credit determined under     
subsection 7a71 there shall be allowed  
as a credit against the tax imposed by  
this subtitle for such taxable year an  
amount equal to #a_/ab of the amount of 
rent paid by the taxpayer 7and not      
subsidized under any such program7      
during the taxable year with respect to 
such residence4  7#d7 ,rent ,the term   
rent includes any amount paid for       
utilities of a type taken into account  
for purposes of determining the utility 
allowance under section                 
#db7;g77#b77;,b77ii74  4  7b7 ,clerical 

amendment ,the table of sections for    
subpart ,c of part ,,iv of subchapter ,a
 of chapter #a of the ,internal ,revenue
 ,code of #aihf is amended by inserting 
after the item relating to section      
#cf;,b the following new item3  ,sec4   
#cf;,c4 ,rent paid for principal        
residence4  4  7c7 ,effective date ,the 
amendments made by this section shall   
apply with respect to taxable years     
beginning after ,december #ca1 #bjag4