A bill to amend the Internal Revenue Code of 1954 to allow a deduction to taxpayers who contribute the right to use certain real property to charitable organizations for outpatient geriatric clinics or for multipurpose senior centers.

Amends the Internal Revenue Code to allow an income tax deduction to a taxpayer who contributes the right to use his real property to a tax-exempt organization for use as a multipurpose senior citizen center or outpatient geriatric clinic.

Limits such deduction to 50 percent of the lesser of (1) the fair market rental value of such property, or (2) the amount of State or local property taxes which are paid or incurred by the taxpayer and which are allocable to such property.