AN ACT EXEMPTING INCOME OF UP TO ONE HUNDRED THOUSAND DOLLARS EARNED BY A CHILD UNDER THE AGE OF TWENTY-FOUR FROM INCLUSION IN THE PARENT'S GROSS INCOME FOR DETERMINATION OF THE PARENT'S ELIGIBILITY TO PARTICIPATE IN THE RENTAL ASSISTANCE PROGRAM.

HB 5230 exempts up to $100,000 in annual earnings from children under 24 living with their parents from being counted toward the parent's gross income when determining eligibility for rental assistance programs. This change directly affects parents applying for rental aid who have adult children living at home and earning income. The bill amends housing statutes to require the Housing Commissioner to exclude this child income in eligibility calculations. It does not alter the total amount of rental assistance provided but adjusts how household income is assessed. The policy aims to prevent parents from being disqualified from assistance due to their child's earnings.