A bill to amend the Internal Revenue Code of 1954 to provide that tax exempt organizations which engage in activities of carrying on propaganda, or otherwise attempting to influence legislation shall lose their exemption from tax.

Provides that tax-exempt organizations which engage in activities (presently substantial activities) of carrying on propaganda, or otherwise attempting to influence legislation, shall lose their exemption from tax. (Amends 26 U.S.C. 501(c)(3))