A bill to amend the Internal Revenue Code of 1954 to provide that any trust established for the payment of medical or dental malpractice claims and related expenses shall be tax exempt, and that a deduction shall be allowed for contributions to such a trust.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to qualify trusts established for the payment of medical malpractice claims as tax exempt organizations. Allows taxpayers a business income tax deduction for reasonable amounts contributed to such trusts.…