A bill to amend the Internal Revenue Code of 1954 to disallow the business expense tax deduction for first class air and rail travel in excess of the coach fare for such travel and for other expenses.

Disallows, under the Internal Revenue Code, any business expense tax deduction for any expense incurred for the transportation of any person by commercial airplane or railroad train in excess of the coach class fare ticket as determined by the Civil Aeronautics Board and the Interstate Commerce Commission, respectively.