A bill to amend the tax treatment of moving expenses.

Amends the Internal Revenue Code to allow a taxpayer to exclude from gross income any amounts paid by his employer to cover moving expenses which would ordinarily be deductible.

Stipulates that no deduction shall be allowed for any item related to moving expenses to the extent that the taxpayer receives reimbursement for such item from his employer and excludes such reimbursement from gross income.

Removes the dollar limitations on the moving expenses deduction.