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Quinn urges tax breaks for city renters

By Philip Newman

Quinn pointed out that more than two-thirds of the people in the five boroughs pay rent and she said would push for legislation to provide those who rent with a $300 tax credit.

In her state of the city address, Quinn said the tax benefit would go to persons earning less than $43,000, married couples earning less than $54,000, one-child families earning less than $65,000 and two child families earning less than $75,000.

Homeowners have been eligible for a $400 tax credit since 2004.