A bill to amend the Internal Revenue Code of 1954 to allow individuals a credit against income tax for expenditures made for the purchase and installation of locks and other security devices in principal residences.

Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for up to 50 percent of the cost of installing security devices in their principal residences. Limits the amount of such credit to $400 ($200 in the case of a married individual filing a separate return) for a taxable year.

Defines a "security device" as a lock, alarm, or other device which is installed in a taxpayer's principal residence for the purpose of securing such residence.

Provides special rules for condominium owners and tenant-stockholders in a cooperative housing corporation.