Skip to content
PoliticalRepoPoliticalRepo

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

20 March 2024 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Jayapal, Pramila [D-WA-7], Rep. Boyle, Brendan F. [D-PA-2], Rep. Beyer, Donald S. [D-VA-8], Rep. Bowman, Jamaal [D-NY-16], Rep. Bush, Cori [D-MO-1], Rep. Chu, Judy [D-CA-28], Rep. Davis, Danny K. [D-IL-7], Rep. Evans, Dwight [D-PA-3], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Goldman, Daniel S. [D-NY-10], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Ivey, Glenn [D-MD-4], Rep. Jackson, Jonathan L. [D-IL-1], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Lee, Barbara [D-CA-12], Rep. Lee, Summer L. [D-PA-12], Rep. McGovern, James P. [D-MA-2], Rep. Nadler, Jerrold [D-NY-12], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Omar, Ilhan [D-MN-5], Rep. Porter, Katie [D-CA-47], Rep. Pressley, Ayanna [D-MA-7], Rep. Ramirez, Delia C. [D-IL-3], Rep. Schakowsky, Janice D. [D-IL-9], Sen. Schiff, Adam B. [D-CA], Rep. Smith, Adam [D-WA-9], Rep. Takano, Mark [D-CA-39], Rep. Tlaib, Rashida [D-MI-12], Rep. Tokuda, Jill N. [D-HI-2], Rep. Trone, David J. [D-MD-6], Rep. Waters, Maxine [D-CA-43], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Wild, Susan [D-PA-7], Rep. DeSaulnier, Mark [D-CA-10], Rep. Garcia, Robert [D-CA-42], Rep. Deluzio, Christopher R. [D-PA-17], Rep. Pallone, Frank [D-NJ-6]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

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. 

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

Timeline

  1. 20 March 2024

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 20 March 2024

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 20 March 2024

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 20 March 2024

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 20 March 2024

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 20 March 2024

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.