Millionaires Surtax Act

Summary

Millionaires Surtax Act This bill imposes an additional 10% tax on individual taxpayers whose modified adjusted gross income exceeds $2 million ($1 million for taxpayers not filing a joint return or surviving spouses). The bill sets forth special rules for the taxation of nonresident aliens and citizens and residents living abroad, and exempts charitable trusts from such tax.

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Timeline

1. 10 June 2021

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 10 June 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 10 June 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 June 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 June 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 10 June 2021

  Open at official source

Sponsors

• Chris Van Hollen · D · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Amy Klobuchar · D · Sponsor
• Jeff Merkley · D · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Millionaires Surtax Act
• related to ← Millionaires Surtax Act