A bill to avoid the loss of State and local revenues resulting from the exemption, by Federal law, of Members of Congress from the payment of State and local income taxes to State and local jurisdictions in which they reside.

Requires Members of Congress who but for an exemption conferred by Federal law would be required to pay State income tax to the State in which they reside for purposes of attending sessions of Congress to submit to such State a statement in lieu of a State income tax return indicating the amount of tax such Member would have been required to pay.

Authorizes the Secretary of the Treasury to pay to such State an amount equal to the amount of such unpaid tax indicated on such Member's statement and certified to the Secretary by the Governor or head of such State.