A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for expenses incurred in contiguous less-developed countries.

Authorizes a tax deduction, under the Internal Revenue Code, for amounts paid in any contiguous less-developed country.

Limits such deduction to $400 for any taxable year and $200 during any week.

Reduces the deduction by five percent of the excess of the taxpayer's adjusted gross income over $15,000.

Defines the terms used in this Act.