A bill to amend the Internal Revenue Code of 1954 to disallow the tax deduction for first-class air travel in excess of the coach class fare for such travel.

Prohibits any business dedication, under the Internal Revenue Code, relating to expenses paid or incurred for the transportation of any person by supersonic or nonsupersonic commercial aircraft in excess of an amount which is equal to the retail price of the lowest priced, generally available, unrestricted fare, tariff, or ticket for the transportation of such person by nonsupersonic commercial aircraft to the same destination at the same approximate time of day and at the same time of year.

Prohibits the obligation of appropriated funds for the transportation of officers and employees of the United States by commercial aircraft in excess of the amount specified in the allowed business deduction.