A bill to amend the Internal Revenue Code of 1954 to allow certain individuals who have attained age 65 or who are disabled a refundable tax credit for property taxes paid by them on their principal residences or for a certain portion of the rent they pay for their principal residences.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide a limited, refundable tax credit to persons age 65 or over, or who are handicapped or disabled, for the real property taxes, or 25 percent of the rent, they pay or incur for their principal residences.…