A bill to amend the Internal Revenue Code of 1954 to clarify the status of certain amateur athletic organizations.

Amends the Internal Revenue Code to qualify as tax-exempt public charities certain amateur sports organizations which, as part of their activities, provide athletic facilities or equipment.

Denies a tax deduction for income, estate, and gift tax purposes, for contributions in excess of $500 made to such an organization by a person, or a member of the family of a person, who uses any athletic facility or equipment provided by the organization.