A bill to amend the Internal Revenue Code of 1954 to provide individuals an income tax credit for fuels used to heat their principal residences.

Amends the Internal Revenue Code to allow individuals an income tax credit equal to 25 percent of the expenses incurred by such individuals for the principal fuel (including electricity) used to heat their principal residences. Limits the dollar amount of such credit to $300 for a 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.