Executive Order 1999—Governing the Inspection of Returns of Corporations, Joint Stock Companies, Associations, or Insurance Companies
Pursuant to the provisions of Section 2 of the Tariff Act of October 3, 1913, said section providing for an income tax, and which contains in paragraph G, sub-paragraph (d) the following provision,
"When the assessment shall be made, as provided in this section, the returns, together with any corrections thereof which may have been made by the Commissioner, shall be filed in the office of the Commissioner of Internal Revenue and shall constitute public records and be open to inspection as such: Provided, That any and all such returns shall be open to inspection only upon the order of the President, under rules and regulations to be prescribed by the Secretary of the Treasury and approved by the President: Provided further, That the proper officers of any State imposing a general income tax may, upon the request of the governor thereof, have access to said returns or to any abstract thereof, showing the name and income of each such corporation, joint stock company, association or insurance company, at such times and in such manner as the Secretary of the Treasury may prescribe,"
It is hereby ordered, that all such returns shall be subject to inspection in accordance and upon compliance with rules and regulations prescribed by the Secretary of the Treasury and approved by the President, bearing even date herewith.
THE WHITE HOUSE,
July 28, 1914.
Note: This order was accompanied by a ruling of the Secretary of the Treasury, Wm. G. McAdoo, approved by President Wilson, to the effect that returns of individuals are not open to the inspection of any one except the proper officers and employees of the Treasury Department.
Woodrow Wilson, Executive Order 1999—Governing the Inspection of Returns of Corporations, Joint Stock Companies, Associations, or Insurance Companies Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/275220