A bill to amend the Internal Revenue Code of 1954 to provide a tax credit with respect to housing senior citizens in the principal residence of the taxpayer, and to provide to senior citizens a tax credit for property taxes, or a certain portion of rent, paid by them for their principal residences.

Amends the Internal Revenue Code to provide a limited, refundable tax credit to persons age 65 or over for the real property taxes or the rent they pay for their principal residences.

Allows a limited tax credit for each individual who is at least 65 years of age whose principal place of abode during the taxable year is the principal residence of the taxpayer, and who is not a lodger with the taxpayer.