HR 4494 · 114th Congress · Taxation
Renters Fairness and Equality Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2016-02-08)
Plain Language Summary
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Renters Fairness and Equality Act This bill amends the Internal Revenue Code to allow a tax deduction of all rent paid paid or accrued on the principal residence of a taxpayer, but denies such deduction if the assessed or appraised value of the residence exceeds $1 million.…
Summarized by Claude AI · Non-partisan · For informational purposes only