A bill to amend the Internal Revenue Code of 1954 to provide that the U.S. Tax Court may issue a declaratory judgment with respect to the correctness of a precedential revenue ruling issued by the Secretary of the Treasury which modifies a revenue ruling issued at least 5 years earlier.

Amends the Internal Revenue Code to provide that the United States Tax Court may issue a reviewable declaratory judgment as to whether a precedential revenue ruling issued by the Secretary of the Treasury, which modifies a revenue ruling issued at least five years earlier, is consistent with the internal revenue laws to which such ruling relates.