A bill to amend the Internal Revenue Code of 1954 to allow an amortization deduction for bus operating rights based on a 60-month period.

Amends the Internal Revenue Code to allow an amortization deduction, based on a period of 60 months, for bus operating authorities held by the taxpayer on November 19, 1982, or acquired under a binding contract in effect on that date. Limits the aggregate amount of such deduction to $5,000,000.