AN ACT relating to a tax credit for renters.

Summary

The bill lets qualifying renters claim a credit equal to 25 % of their qualified rent payments, capped at $1,000 per year, for tax years beginning in 2027 through 2030. It applies to households earning at or below 133 % of the federal poverty line and who occupy a permanent primary residence for at least six months. The Department of Revenue must annually report credit usage by county and income level.

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