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Tor Deduction Bill in Senote Would Spur New Retoil Soles

Bill 5.3636, which would grant to homeowners a limited income tax deduction for home improvements, has been introduced in the U.S. Senate bv Senator Frank Carlson of Kansas, a member of the Senaie Finance Committee. Senator Carlson, in introducing the legislation, stated:

"This Bill, if enacted, would permit a homeowner to deduct, within defined limits, the expense of repair and maintenance, additions, and alterations to his relidence.

"My proposal would not permit such a deduction for nominal and everyday expense for maintenance, but by using a'formula similar to that provided in the present tax law for extraordinary medical expense, it would permit deduction of that expense which exceeds 3/o of the adJusted gross income of the homeowner, but not to exceed $2,000 annually."

Similar legislation granting tax relief for home improvements has been introduced in the House by Representative Frank Ikard of Texas, a member of the House Ways and Means committee (H.R. 236), and Representative Gordon L. McDonough of California (H.R. 5899).

President James C. O'Malley, of the National Retail Lumber Dealers Association, has enthusiastically endorsed