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United States · Bill · HR

H.R. 5507 (114th)

Top 1% Accountability Act

referredUnited States· United States Congress· EN

Introduced

16 June 2016

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Top 1% Accountability Act This bill amends the Internal Revenue Code to prohibit an individual from itemizing deductions for a year if: (1) the sum of the taxpayer's itemized deductions equals or exceeds $150,000, and (2) the taxpayer (and the taxpayer's spouse for a joint return) fails to submit proof of a clean drug test with the return. The drug test must show that the taxpayer (and the taxpayer's spouse for a joint return) did not test positive for any controlled substance.

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Documents

3 official files

Introduced in House (text)

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