SB1133 authorizes counties to set rental price ceilings and establishes a tax credit for long-term residential leases.
SB1133 aims to address housing affordability by allowing counties to establish rental price ceilings that limit how much landlords can increase rents. These ceilings are based on changes in the Consumer Price Index for rent of primary residences. Additionally, the bill creates a tax credit for taxpayers who lease dwelling units under long-term agreements of one year or longer. This credit is intended to incentivize stable, affordable housing options and provide financial predictability for landlords.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.