A bill to amend the Internal Revenue Code of 1954 to provide a credit against income tax for one-third of the amount of certain local wage taxes paid by individuals who are not residents of the local governmental area.

Amends the Internal Revenue Code to allow a credit against income tax for one-third of the amount of local earned income taxes paid by individuals who are not residents of the local governmental area.

Disallows any deduction for such taxes by any person who takes advantage of such credit.