A bill to amend the Internal Revenue Code of 1954 to allow the residential energy credit for energy conservation expenditures with respect to new residences if such expenditures are for items not required by Federal, State, or local housing standards.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the residential energy credit for energy conservation expenditures with respect to residences substantially completed after April 19, 1977, if such expenditures are for energy conservation items which are not required by Federal, State, or local housing standards.…