Tax,
Real Estate/Development,
Government
Aug. 16, 2018
San Diego lawmaker pushes for tax credit rent relief
Rep. Scott Peters, D-San Diego, on Tuesday introduced a bill that would provide tax credits to people who spend more than 30 percent of their income on rent and utilities.
Rep. Scott Peters, D-San Diego, on Tuesday introduced a bill that would provide tax credits to people who spend more than 30 percent of their income on rent and utilities.
Peters’ House bill is identical to a Senate bill, S.3250, introduced by Sen. Kamala Harris, D-California, on July 19. Each version of the Rent Relief Act would amend the federal internal revenue code to provide a tax credit of 25 percent to 100 percent of the “ex...
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