The legislation — called the Tax Returns Uniformly Made Public Act, or the TRUMP Act — would mandate the state to publicly post online the state tax returns of anyone elected in a statewide election to federal or state office, CNN reported

It would apply to the president and vice president.

"The tax experts I've spoken to think we'll get a good snapshot of what's on his federal form," said State Sen. Brad Hoylman (D), who sponsored the bill.

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Another bill introduced by Hoylman would mandate those on a statewide ballot in New York to release their federal tax returns.

The president has declined to release his tax returns. During his campaign, he said he was under audit and therefore could not release them during that process.

The IRS has said an audit doesn't prevent someone from making his or her tax returns public.

During an interview last month, the president was asked about comments made by Treasury Secretary Steven Mnuchin, who said Trump has "no intention" of releasing his tax returns.

"I never spoke to him about it. Honestly, he's never asked me about it," the president said during the interview.

"I said, number one, I'm under audit. Right now, I'm under audit. After the audit is complete. It's a routine audit, but I have a very big tax return."

The president continued to reiterate he is under routine audit.

"And I think it's a very unfair thing because I have been under audit almost, like, since I became famous, okay?" he said.