A bill to amend the Internal Revenue Code of 1954 to provide that any resident of the Republic of the Philippines may be a dependent for purposes of the income tax deduction for personal exemptions.

Provides that any resident of the Republic of the Phillipines may be a dependent for the purposes of the income tax deduction for personal exemptions under the Internal Revenue Code. (Amends 26 U.S.C. 152(b)(3))