A bill to amend the Internal Revenue Code of 1954 to require each tax-exempt organization to file an annual information return showing each source (including governmental sources) of its income and other receipts, and to provide for a loss of tax exemption in the case of willful failure to file, or fraudulent statements made in connection with, such return.

[AI summary unavailable — showing source text] Requires, under the Internal Revenue Code of 1954, that each tax-exempt organization to file an annual information return showing each source (including governmental sources) of its income and other receipts. Provides for a loss of tax exemption in the case of willful failure to file, or fraudulent statements made in connection with, such return.…