A bill to amend the Internal Revenue Code of 1954 to repeal the contemporaneous recordkeeping requirements enacted by the Tax Reform Act of 1984 and to exclude the use of government-owned vehicles from the fringe benefit rules enacted by such Act.

Repeals the requirement added by the Tax Reform Act of 1984 relating to the maintenance of contemporaneous records with respect to: (1) business travel expenses, including automobile expenses; (2) business entertainment expenses; and (3) expenses for gifts.

Amends the Internal Revenue Code to provide that no amount shall be included in gross income as a benefit by reason of the use of Government-owned vehicles.