A2684 — Increases, from 18 percent to 30 percent, amount of rent constituting property taxes for purposes of gross income tax deduction for certain tenants.

A2684 — Increases, from 18 percent to 30 percent, amount of rent constituting property taxes for purposes of gross income tax deduction for certain tenants. · Informed CitizenryThis legislation changes the rules for how much rent payments can be deducted when calculating taxable income for specific renters. Previously, a tenant could deduct up to 18% of their total rent p…Open in Informed Citizenry