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S 321 113th Congress Senate Taxation Budget deficits and national debt Employment taxes Income tax deductions Income tax rates Inflation and prices Social work, volunteer service, charitable organizations Tax reform and tax simplification

Paying a Fair Share Act of 2013

Introduced: February 13, 2013 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2013
Read twice and referred to the Committee on Finance.
Feb 13, 2013
Introduced in Senate
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 Plain-English summary Congressional Research Service

Paying a Fair Share Act of 2013 - Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2014.

Expresses the sense of the Senate that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes.

What's happening now February 13, 2013

Read twice and referred to the Committee on Finance.

 Related & companion bills 8
  • HR 766 Identical bill Paying a Fair Share Act of 2013
  • HR 699 Related bill Stop the Sequester Job Loss Now Act
  • HR 2060 Related bill Stop the Sequester Job Loss Now Act Through 2014
  • S 277 Related bill Job Preservation and Economic Certainty Act of 2013
  • S 278 Related bill Job Preservation and Sequester Replacement Act of 2013
  • S 388 Related bill American Family Economic Protection Act of 2013
  • S 2432 Related bill Bank on Students Emergency Loan Refinancing Act
  • S 2789 Related bill IDEA Full Funding Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5 Independent 1
D
Merkley, Jeff
Oregon · Feb 14, 2013
 D
Warren, Elizabeth
Massachusetts · Feb 14, 2013
 D
Baldwin, Tammy
Wisconsin · Feb 13, 2013
 D
Blumenthal, Richard
Connecticut · Feb 13, 2013
 D
Reed, Jack
Rhode Island · Feb 13, 2013
 I
Sanders, Bernard
Vermont · Feb 13, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). S. 321: Paying a Fair Share Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-S-321/
MLA
"S. 321: Paying a Fair Share Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-321/.
Bluebook (legal)
S. 321, 113th Cong. (2026), https://openamerica.io/bill/113-S-321/.
Markdown link
[S. 321: Paying a Fair Share Act of 2013](https://openamerica.io/bill/113-S-321/)
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