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United States · Bill · HR

H.R. 362 (114th)

Paying a Fair Share Act of 2015

referredUnited States· United States Congress· EN

Introduced

14 January 2015

Last action

14 January 2015 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Cicilline, David N. [D-RI-1], Rep. Cartwright, Matt [D-PA-17], Rep. Pocan, Mark [D-WI-2], Rep. Ellison, Keith [D-MN-5], Rep. Langevin, James R. [D-RI-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Wilson, Frederica S. [D-FL-24], Rep. Lee, Barbara [D-CA-12], Rep. Delaney, John K. [D-MD-6], Rep. Hastings, Alcee L. [D-FL-20], Rep. McCollum, Betty [D-MN-4], Rep. Larsen, Rick [D-WA-2], Rep. Chu, Judy [D-CA-28], Rep. Conyers, John, Jr. [D-MI-13], Rep. Clark, Katherine M. [D-MA-5], Rep. Tonko, Paul [D-NY-20], Rep. Kennedy, Joseph P., III [D-MA-4], Rep. Hahn, Janice [D-CA-44], Sen. Welch, Peter [D-VT], Sen. Van Hollen, Chris [D-MD], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Slaughter, Louise McIntosh [D-NY-25]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Paying a Fair Share Act of 2015 Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2016. Expresses the sense of the House of Representatives that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 January 2015

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 14 January 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 January 2015

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 14 January 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 14 January 2015

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 14 January 2015

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Sponsors

Related records

Sources

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