A bill to require a taxpayer to disclose on his income tax return the amount of tax-exempt bonds held by him and the amount of tax-exempt interest received during the taxable year.

Requires the taxpayer to disclose, when filing a tax return under the Internal Revenue Code, any amount of interest received or accrued during the taxable year which is exempt from taxation, as well as the principal amount of tax-exempt bonds or notes held by the taxpayer.