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United States · Bill · HR

H.R. 7749 (118th)

Ultra-Millionaire Tax Act of 2024

referredUnited States· United States Congress· EN

Introduced

20 March 2024

Last action

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Status

Referred to the House Committee on Ways and Means.

Sponsors

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Subjects

Discovery layer

Source updated

5 December 2025

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Summary

Ultra-Millionaire Tax Act of 2024  This bill imposes a tax on the net value of all taxable assets of a taxpayer on the last day of any calendar year (i.e., a wealth tax). The amount of such tax is equal to the sum of 2% of the amount of taxpayer assets exceeding $50 million, but not in excess of $1 billion, plus the applicable percentage (3% or 6% if certain legislation is in effect) of the net value of such taxable assets exceeding $1 billion. 

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Documents

3 official files

Introduced in House (text)

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