Amends the Internal Revenue Code to allow individuals a refundable income tax credit equal to 25 percent of the total cost of heating oil purchased by such individual for use in a residence for residential purposes. Limits the dollar amount of such credit to $150 for the taxable year. Reduces the amount of such credit by one percent of the amount by which the taxpayer's adjusted gross income exceeds $15,000.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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