To amend the Internal Revenue Code of 1986 to allow a deduction for rent paid or accrued on the personal residence of the taxpayer.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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