United States · Bill · HR
H.R. 6498 (118th)
Billionaire Minimum Income Tax Act
Introduced
29 November 2023
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
11 June 2024
Summary
Billionaire Minimum Income Tax Act This bill imposes a minimum tax on individual taxpayers whose net worth for the taxable year exceeds $100 million. The tax is equal to 25% of the sum of a taxpayer's taxable income, plus net unrealized gains for the taxable year. The tax may not exceed 40% of the amount by which the taxpayer's net worth exceeds $100 million.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 November 2023
Introduced in House (PDF)
Introduced in House · EN · 29 November 2023
Introduced in House
summary · EN · 29 November 2023
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/house-bill/6498
- Open data entity: https://api.congress.gov/v3/bill/118/hr/6498