A bill to amend the Internal Revenue Code to provide an additional personal exemption for each senior citizen whose principal place of abode is in the principal residence of the taxpayer.

Provides an additional personal exemption of $1,000, under the Internal Revenue Code, to the taxpayer for each senior citizen whose principal place of abode is in the principal residence of the taxpayer, except in the case where the taxpayer is allowed a trade or business expense deduction for providing such housing.