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