A bill to amend the Internal Revenue Code of 1954 to allow a deduction to tenants of houses or apartments for their proportionate share of the taxes and interest paid by their landlords.

Allows, under the Internal Revenue Code, a tax deduction to tenants of houses or apartments for their proportionate share of the taxes and interest paid by their lessors. Requires lessors to furnish tenants with information showing the amount that may be deducted.