A bill to amend the Internal Revenue Code of 1954 to allow individuals a deduction for charitable contribution of the right to use a residence for occupancy by handicapped individuals.

Amends the Internal Revenue Code to permit individual taxpayers an income tax deduction as a charitable contribution for permitting tax-exempt organizations which care for handicapped individuals to use a residence of the taxpayer's for the care of such individuals. Specifies that the amount of such deduction shall be the rental value of the residence.