Millionaires Surtax Act
Latest action · Jun 11, 2021 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 11, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jun 11, 2021 to Jun 14, 2021, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Alan S. Lowenthal | Original | Jun 11, 2021 |
| D-OR | Earl Blumenauer | Original | Jun 11, 2021 |
| D-IL | Janice D. Schakowsky | Original | Jun 11, 2021 |
| D-CA | Jimmy Panetta | Original | Jun 11, 2021 |
| D-TN | Steve Cohen | Original | Jun 11, 2021 |
| D-CA | Zoe Lofgren | Original | Jun 11, 2021 |
| D-DC | Eleanor Holmes Norton | Jun 14, 2021 |
Actions 2
Everything that happened, newest first.
- Jun 11, 2021Introduced in House
- Jun 11, 2021Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2028 | Millionaires Surtax Act | Identical bill | Jun 10, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jun 11, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.