HR 3805
117th Congress
House
Taxation
Income tax rates
Tax administration and collection, taxpayers
Millionaires Surtax Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2021
Referred to the House Committee on Ways and Means.
Jun 11, 2021
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1