Section 1 Requiring candidates for President and Vice President to provide information on audit status of Federal income tax returns
Disclosure of audit status required— Section 102 of the Ethics in Government Act of 1978 (5 U.S.C. App. 102) is amended by adding at the end the following new subsection:
“(j) In the case of a report filed pursuant to subsection (c) of section 101 by an individual who is a candidate for nomination or election to the office of President or Vice President, the report shall include a statement obtained by the individual from the Secretary of the Treasury regarding whether or not the Secretary is in the process of auditing any of the individual’s individual Federal income tax returns, and, if so, the taxable year of the tax return involved.”
Effective date—
In general— The amendment made by subsection (a) shall apply with respect to individuals who first become candidates for election to the office of President or Vice President after the date of the enactment of this Act.
Special rule for 2016— Each candidate who won the nomination of a political party for election to the office of President or Vice President in 2016 shall comply with subsection (j) of section 102 of the Ethics in Government Act of 1978, as added by subsection (a), not later than September 26, 2016.