A bill to amend the Internal Revenue Code of 1954 to provide an additional itemized deduction for the use of a passenger automobile in a carpool.

Allows an individual who owns a passenger automobile which he uses in a carpool to deduct for income tax purposes: (1) 12 cents for each of the first 15,000 miles attributable to such use during the taxable year, and 9 cents for each mile in excess of 15,000, and (2) an amount equal to the amount paid or accrued by the taxpayer for parking attributable to such use during the taxable year.