Home Energy Tax Relief Act of 1979

[AI summary unavailable — showing source text] Home Energy Tax Relief Act of 1979 - Title I: Low- and Middle-Income Energy Tax Credit - Amends the Internal Revenue Code to allow low- and middle-income taxpayers a refundable income tax credit for the cost of fuel which is used as the principal source of heating or cooling such taxpayer's principal residence. Limits the amount of such credit to $300 for oil or kerosene, or $150 for any other fuel. Reduces the amount of such credit for taxpayers whose adjusted gross income exceeds $15,000, and for whom suppliers receive reimbursements under title II of this Act. Allows renters an income tax credit for fuel costs equal to 25 percent of rent paid for the taxable year. Specifies a minimum tax credit of $150 for taxpayers whose principal residence uses a renewable energy source (wind, solar, or geothermal energy) for heating or cooling. Permits the disregarding of any benefits conferred by this Act in determining eligibility for any Federal or State public assistance program. Disqualifies any estate, trust, nonresident alien, or any individual residing in a housing project assisted under the United States Housing Act of 1937 from eligibility under this title. Title II: Residential Fue…