Title: Presidential Tax Transparency Act
Policy area: Taxation

Summary:
Presidential Tax Transparency Act
This bill requires the Internal Revenue Service to disclose and make publicly available tax returns and return information for certain candidates for President and Vice President of the United States. The requirement applies to tax returns and return information for the 10-year period before the individual becomes a candidate.
The disclosure may not include the Social Security number of any individual, any financial account number, the name of any individual under age 18, or the home address of any individual (other than the city and state in which the address is located).

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 162 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 162

To amend the Internal Revenue Code of 1986 to require public disclosure 
    of individual tax returns of candidates for President and Vice 
                    President of the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 3, 2019

 Mr. Fitzpatrick (for himself and Mr. Suozzi) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to require public disclosure 
    of individual tax returns of candidates for President and Vice 
                    President of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Presidential Tax Transparency Act''.

SEC. 2. DISCLOSURE OF RETURNS AND RETURN INFORMATION OF CANDIDATES FOR 
              PRESIDENT AND VICE PRESIDENT OF THE UNITED STATES.

    (a) In General.--Subsection (k) of section 6103 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
paragraph:
            ``(13) Disclosure of returns and return information of 
        candidates for president and vice president of the united 
        states.--
                    ``(A) In general.--The Secretary shall disclose and 
                make publicly available returns and return information, 
                except as provided in subparagraphs (B) and (C), of any 
                candidate (as defined in section 9002(2)).
                    ``(B) Exceptions.--The information disclosed under 
                subparagraph (A) shall not include the Social Security 
                number of any individual, any financial account number, 
                the name of any individual under age 18, or any home 
                address of any individual (other than the city and 
                State in which such address is located).
                    ``(C) Scope.--Subparagraph (A) shall apply to any 
                return, and return information included on any return, 
                which is filed within the 10 taxable years preceding 
                the year in which the individual becomes a candidate 
                (as so defined).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to individuals becoming a candidate (within the meaning of section 
9002(2)) of the Internal Revenue Code of 1986) after the date of the 
enactment of this Act.
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