Legis Daily

Millionaires Surtax Act

USA117th CongressHR-3805| House 
| Updated: 6/11/2021
Donald S. Beyer

Donald S. Beyer

Democratic Representative

Virginia

Cosponsors (7)
Jimmy Panetta (Democratic)Steve Cohen (Democratic)Alan S. Lowenthal (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)Earl Blumenauer (Democratic)Zoe Lofgren (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5043
Millionaires Surtax Act
Jun 10, 2021

Latest Companion Bill Action

S 117-2028
Introduced in Senate
Jun 11, 2021
Introduced in House
Jun 11, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5043
    Millionaires Surtax Act


  • June 10, 2021

    Latest Companion Bill Action

    S 117-2028
    Introduced in Senate


  • June 11, 2021
    Introduced in House


  • June 11, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 117-2028: Millionaires Surtax Act
Income tax ratesTax administration and collection, taxpayers

Millionaires Surtax Act

USA117th CongressHR-3805| House 
| Updated: 6/11/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5043
Millionaires Surtax Act
Jun 10, 2021

Latest Companion Bill Action

S 117-2028
Introduced in Senate
Jun 11, 2021
Introduced in House
Jun 11, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5043
    Millionaires Surtax Act


  • June 10, 2021

    Latest Companion Bill Action

    S 117-2028
    Introduced in Senate


  • June 11, 2021
    Introduced in House


  • June 11, 2021
    Referred to the House Committee on Ways and Means.
Donald S. Beyer

Donald S. Beyer

Democratic Representative

Virginia

Cosponsors (7)
Jimmy Panetta (Democratic)Steve Cohen (Democratic)Alan S. Lowenthal (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)Earl Blumenauer (Democratic)Zoe Lofgren (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 117-2028: Millionaires Surtax Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax ratesTax administration and collection, taxpayers