A bill to amend the Internal Revenue Code of 1954 to disallow the business expense tax deduction for first class air and rail travel in excess of the coach fare for such travel and for other expenses.

[AI summary unavailable — showing source text] Prohibits any business deduction, under the Internal Revenue Code, relating to expenses paid or incurred for the transportation of any person by commercial airplane or railroad in excess of an amount which is equal to the retail price of a coach class fare ticket on such airline or railroad, unless the use of first class accomodations was necessitated by the circumstances of the taxpayer's business activities or by a disability or handicap or because coach tickets were unavailable.…