A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax for certain home heating costs.

Amends the Internal Revenue Code to provide a home heating tax credit equal to the sum of: (1) the amount incurred during the taxable year for any qualified home heating source multiplied by a specified factor; and (2) an amount equal to the degree day factor for the State in which the taxpayer's principal residence is located. Limits the amount of such credit to less than the excess of $300 over ten percent of the amount by which the taxpayer's adjusted gross income exceeds $30,000. Reduces such credit by any amount received by the taxpayer for a qualified home heating energy source under any Federal, State, or local program. Limits eligibility for such credit to one person per household. Allocates portions of the credit to tenants of a building which is heated by a qualified home heating energy source.