A bill to amend section 167 of the Internal Revenue Code of 1954 to encourage landlords to meet minimal housing standards by disallowing the depreciation deduction to a landlord who has been convicted of violating a housing code.

Amends the Internal Revenue Code to prohibit any deduction for the depreciation of property for a taxable year during which a housing code violation existed for such property for which the owner or his agent was convicted. Provides that the adjusted basis of such property will be determined as though the disallowed deduction were taken.