A bill to amend the Internal Revenue Code of 1954 to allow certain individuals who have attained age sixty-five 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 on their principal residences.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals who are either disabled or have attained the age of 65 a refundable income tax credit for real property taxes paid by them on their principal residences or for 25 percent of the rent they pay for their principal residence. Limits such tax credit to $500.…