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October 15, 2019
NY senator proposes tax relief program for New Yorkers who spend over 30 percent of income on rent
State Sen. Brian Benjamin has proposed a bill that aims to give New York renters a much-needed break. The Harlem Democrat's bill is modeled after the federal version proposed by Sen. Kamala Harris and would entitle lower-income tenants to a refundable tax credit if their rent and utilities account for a significant portion–over 30 percent–of their income, the Daily News reports.
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