The bill introduces a new section to the Uniform Owner-Resident Relations Act that mandates how income screening calculations for rental applicants should be conducted. Specifically, it requires that the income screening performed by property owners or their agents must focus on the remaining ratio of an applicant's income to the rent payment after deducting any income received from federal, state, local, or tribal housing assistance. This aims to provide a more accurate assessment of an applicant's ability to pay rent by considering only the income that is not subsidized.

Additionally, the bill defines key terms such as "applicant" and "income screening," and outlines the types of income that can be included in the screening process. Acceptable sources of income include earnings from lawful professions, pensions, alimony, and child support, among others, provided that the applicant can furnish documentation to verify this income. This legislative change seeks to create a fairer rental application process by ensuring that housing assistance is taken into account when evaluating an applicant's financial capability.