A bill to amend the Internal Revenue Code of 1954 to deny the business deduction for any amount paid or incurred for regularly scheduled air transportation to the extent such amount exceeds the normal tourist class fare for such transportation.

Disallows, under the Internal Revenue Code, a deduction from gross income as a trade or business expense of any amount in excess of the normal tourist class fare expended for the transportation of any person by air on a regularly scheduled flight.