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))