A bill to amend title 10 of the United States Code to provide that interest paid on certain special savings deposits of prisoners of war and other missing members of the armed forces shall be exempt from Federal taxation.

Provides that interest accrued on or after September 1, 1966 on specified special savings deposits of prisoners of war and other missing members of the armed forces shall be exempt from Federal taxation under the laws of the United States. (Adds 10 U.S.C. 1035(f)(1),(2))