A bill relating to the duties of the Joint Committee on Internal Revenue Taxation.

Provides that no refund or credit of any income in excess of $200,000 shall be made until 30 days after a report is submitted to the Joint Committee on Internal Revenue Taxation. Authorizes the Chief of Staff of the Joint Committee to secure directly from the Internal Revenue Service such tax returns as he deems necessary to the investigation of the administration of the internal revenue taxes. Directs the Internal Revenue Service to furnish such tax returns to the Chief of Staff together with a brief report, with respect to each return, as to any action taken or poposed to be taken by the Service as result of any audit of the return.