To amend the Internal Revenue Code of 1986 to allow individuals a credit against income tax for the purchase and installation of locks and other security devices on residences.

Summary

Amends the Internal Revenue Code to allow an individual nonrefundable 25 percent income tax credit of up to $250 for amounts paid or incurred for new security devices for the taxpayer's residence, including locks, alarms, and security lighting. Permits a 100 percent credit of up to $500 for taxpayers aged 65 or older. Disallows the credit if the property is eligible for the investment credit.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 March 1989

  Open at official source

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