Plain English Breakdown
Checked against official source text during the last sync.
Act Exempting Child Income from Parent's Rental Assistance Eligibility
This act allows a child under age twenty-four who lives with their parents and earns up to $100,000 per year to have that income not count when determining the parent's eligibility for rental assistance.
What This Bill Does
- Exempts from parent’s gross income any earnings by a child under 24 years old living with them, if those earnings are up to $100,000 annually.
Who It Names or Affects
- Parents applying for or receiving rental assistance who have a child under age 24 living with them and earning up to $100,000 annually.
- Children between ages 18 and 23 who earn income and live with their parents.
Terms To Know
- Rental Assistance Program
- A program that helps people pay for rent through financial support from the government.
- Gross Income
- The total amount of money earned before taxes and other deductions are taken out.
Limits and Unknowns
- It is not clear how this act will be funded or if there will be enough resources to support the changes.
- This bill has passed both chambers but it's unclear what further executive action might be needed for it to become law.