,i #aafth ,,congress #ast ,session ,h4 ,r4 #bgc ,,in ,,the ,,house ,,of ,,representatives ,january #h1 #bjai ,ms4 ,eshoo 7for herself and ,mr4 ,pascrell7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committee on ,house ,administration1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to improve ,presidential and ,vice ,presidential tax transparency1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,presidential ,tax ,transparency ,act of #bjai4 #b4 ,presidential and ,vice ,presidential tax transparency 7a7 ,definitions ,in this section-- 7#a7 ,the term covered candidate means a candidate of a major party in a general election for the office of ,president or ,vice ,president4 7#b7 ,the term major party has the meaning given the term in section #ijjb of the ,internal ,revenue ,code of #aihf4 7#c7 ,the term income tax return means1 with respect to an individual1 any return 7as such term is defined in section #fajc7;b77#a7 of the ,internal ,revenue ,code of #aihf7 of such individual other than-- 7,a7 information returns issued to persons other than such individual1 and 7,b7 declarations of estimated tax4 7#d7 ,the term ,secretary means the ,secretary of the ,treasury or the delegate of the ,secretary4 7b7 ,disclosure 7#a7 ,in general 7,a7 ,candidates for ,president and ,vice ,president ,not later than the date that is #ae days after the date on which an individual becomes a covered candidate1 the individual shall submit to the ,federal ,election ,commission a copy of the individual's income tax returns for the #aj most recent taxable years for which a return has been filed with the ,internal ,revenue ,service4 7,b7 ,president and ,vice ,president ,with respect to each taxable year for an individual who is the ,president or ,vice ,president1 not later than the due date for the return of tax for the taxable year1 such individual shall submit to the ,federal ,election ,commission a copy of the individual's income tax returns for the taxable year and for the #i preceding taxable years4 7,c7 ,transition rule for sitting ,presidents and ,vice ,presidents ,not later than the date that is #cj days after the date of enactment of this section1 an individual who is the ,president or ,vice ,president on such date of enactment shall submit to the ,federal ,election ,commission a copy of the income tax returns for the #aj most recent taxable years for which a return has been filed with the ,internal ,revenue ,service4 7#b7 ,failure to disclose ,if any requirement under paragraph 7#a7 to submit an income tax return is not met1 the chairman of the ,federal ,election ,commission shall submit to the ,secretary a written request that the ,secretary provide the ,federal ,election ,commission with the income tax return4 7#c7 ,publicly available ,the chairman of the ,federal ,election ,commission shall make publicly available each income tax return submitted under paragraph 7#a7 in the same manner as a return provided under section #fajc7l77#bc7 of the ,internal ,revenue ,code of #aihf 7as added by this section74 7#d7 ,treatment as a report under the ,federal ,election ,campaign ,act of #aiga ,for purposes of the ,federal ,election ,campaign ,act of #aiga1 any income tax return submitted under paragraph 7#a7 or provided under section #fajc7l77#bc7 of the ,internal ,revenue ,code of #aihf 7as added by this section7 shall1 after redaction under paragraph 7#c7 or subparagraph 7,b77ii7 of such section1 be treated as a report filed under the ,federal ,election ,campaign ,act of #aiga4 7c7 ,disclosure of returns of ,presidents and ,vice ,presidents and certain candidates for ,president and ,vice ,president 7#a7 ,in general ,section #fajc7l7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraph3 7#bc7 ,disclosure of return information of ,presidents and ,vice ,presidents and certain candidates for ,president and ,vice ,president 7,a7 ,in general ,upon written request by the chairman of the ,federal ,election ,commission under section #a7;b77#b7 of the ,presidential ,tax ,transparency ,act of #bjai1 the ,secretary shall provide copies of any return which is so requested to officers and employees of the ,federal ,election ,commission whose official duties include disclosure or redaction of such return under this paragraph4 7,b7 ,disclosure to the public 7i7 ,in general ,the chairman of the ,federal ,election ,commission shall make publicly available any return which is provided under subparagraph 7,a74 7ii7 ,redaction of certain information ,before making publicly available under clause 7i7 any return1 the chairman of the ,federal ,election ,commission shall redact such information as the ,federal ,election ,commission and the ,secretary jointly determine is necessary for protecting against identity theft1 such as social security numbers4 4 7#b7 ,conforming amendments ,section #fajc7p77#d7 of such ,code is amended-- 7,a7 in the matter preceding subparagraph 7,a7 by striking or 7#bb7 and inserting 7#bb71 or 7#bc71 and 7,b7 in subparagraph 7,f77ii7 by striking or 7#bb7 and inserting 7#bb71 or 7#bc74 7#c7 ,effective date ,the amendments made by this subsection shall apply to disclosures made on or after the date of enactment of this ,act4