The bill introduces a new section to the Uniform Owner-Resident Relations Act that mandates owners to limit their income screening calculations for rental applicants. Specifically, the income screening must focus on the remaining ratio of income to 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 supplemented by housing assistance.

Additionally, the bill defines key terms such as "applicant" and "income screening," and outlines the sources of income that can be included in the screening process. These sources encompass various forms of lawful income, such as wages, pensions, alimony, and child support, 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 does not negatively impact an applicant's perceived financial capability.