A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for certain elderly taxpayers for increased costs of residential energy.
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Amends the Internal Revenue Code to allow individuals who have attained age 62 a refundable income tax credit for increases in the cost of residential energy over the previous year. Reduces the amount of such credit by 50 percent of the amount by which the taxpayer's adjusted gross income exceeds $25,000.
Defines "residential energy" as any fuel (including electricity) used by the taxpayer for residential purposes.
Terminates such credit after 1985.
Referred to House Committee on Ways and Means.
Cite this page
U.S. Congress. (2026). H.R. 3628: A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for certain elderly taxpayers for increased costs of residential energy.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-3628/
"H.R. 3628: A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for certain elderly taxpayers for increased costs of residential energy.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-3628/.
H.R. 3628, 97th Cong. (2026), https://openamerica.io/bill/97-HR-3628/.
[H.R. 3628: A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for certain elderly taxpayers for increased costs of residential energy.](https://openamerica.io/bill/97-HR-3628/)