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HR 2159 115th Congress House 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 2017

Introduced: April 26, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Apr 26, 2017
Referred to the House Committee on Ways and Means.
Apr 26, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Paying a Fair Share Act of 2017

This bill amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) 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). The amount of the tax is 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.

The bill provides for a phase-in of such tax and requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2018.

The bill also expresses the sense of the House of Representatives 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 April 26, 2017

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
  • HR 2477 Related bill Bank on Students Emergency Loan Refinancing Act
  • S 1162 Related bill Bank on Students Emergency Loan Refinancing Act
  • S 955 Related bill Paying a Fair Share Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5
D
Khanna, Ro
California · Apr 13, 2018
 D
Norton, Eleanor Holmes
District of Columbia · Jul 11, 2017
 D
Clark, Katherine M.
Massachusetts · Apr 26, 2017
Delaney, John
· Apr 26, 2017
 D
Pocan, Mark
Wisconsin · Apr 26, 2017
 D
Schakowsky, Janice D.
Illinois · Apr 26, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2159: Paying a Fair Share Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2159/
MLA
"H.R. 2159: Paying a Fair Share Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2159/.
Bluebook (legal)
H.R. 2159, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2159/.
Markdown link
[H.R. 2159: Paying a Fair Share Act of 2017](https://openamerica.io/bill/115-HR-2159/)
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