A bill to amend the Internal Revenue Code of 1954 to allow individuals to elect a credit or deduction for certain crime prevention expenditures.

Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for the cost of crime prevention devices installed in the principal residence of such taxpayers. Limits the amount of such credit to $300. Allows an income tax deduction for such crime prevention devices in lieu of the credit. Limits the amount of the deduction to $600. Terminates the credit and the deduction five years after the date of enactment of this Act.