A bill to amend the Internal Revenue Code of 1954 to provide a credit for the purchase and installation of security devices.

Amends the Internal Revenue Code to allow an income tax credit for 25 percent of expenditures for the purchase and installation of residential security devices. Limits the amount of such credit to $250 for a taxable year. Allows a 100 percent credit for individuals age 65 and older, limited to $500 for a taxable year. Directs the Secretary of the Treasury to adjust annually the dollar limits on the tax credit to reflect fluctuations in the crime rate. Provides for a three year carryover of unused credit amounts.