Home Energy Assistance Tax Act

Home Energy Assistance Tax Act - Amends the Internal Revenue Code to allow: (1) a tax credit equal to 50 percent of increased residential energy costs (defines such term); (2) a deduction for certain energy efficient property (defines such term) used in business; and (3) a credit to an individual equal to the sum of a determined amount for qualified energy property (defines such term) placed in service and a credit amount for a new highly efficient principal residence (defines such term).