A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax related to the purchase of houses.

[AI summary unavailable — showing source text] Provides a credit against income tax under the Internal Revenue Code in the amount of (1) 5 percent (up to $1,250) of the purchase price of a principal residence during taxable year 1975; and (2) 2.5 percent (up to $625) of the purchase price of a principal residence during taxable year 1976.…