A bill to amend the Internal Revenue Code of 1954 to insure that the deduction for contributions to a black lung benefit trust be allowed for any such contributions which are made for the purpose of satisfying unfunded future liability, and for other purposes.

Amends the Internal Revenue Code to specifically allow a tax deduction for contributions to a tax-exempt black lung disability trust which has as one of its purposes to fund the future liability of an employer for claims filed by individuals seeking compensation for disability due to black lung disease. Limits the amount of the deductible contributions to not more than 38 percent of the employer's payroll.