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HR 8558 117th Congress House Taxation

Billionaire Minimum Income Tax Act

Introduced: July 28, 2022 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Jul 28, 2022
Referred to the House Committee on Ways and Means.
Jul 28, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Billionaire Minimum Income Tax Act

This bill imposes a minimum tax on individual taxpayers whose net worth for the taxable year exceeds $100 million. The tax is equal to 20% of the sum of a taxpayer's taxable income, plus net unrealized gains for the taxable year. The tax may not exceed 40% of the amount by which the taxpayer's net worth exceeds $100 million.

What's happening now July 28, 2022

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 51
All 51 Democratic 39
D
Dean, Madeleine
Pennsylvania · Dec 21, 2022
Lowenthal, Alan
· Dec 21, 2022
 D
Sánchez, Linda T.
California · Dec 21, 2022
 D
Williams, Nikema
Georgia · Dec 21, 2022
 D
Carter, Troy A.
Louisiana · Dec 13, 2022
Pascrell, Bill
· Dec 1, 2022
Wild, Susan
· Nov 30, 2022
 D
Larson, John B.
Connecticut · Nov 16, 2022
Jackson Lee, Sheila
· Nov 10, 2022
Kirkpatrick, Ann
· Oct 28, 2022
 D
Ocasio-Cortez, Alexandria
New York · Oct 28, 2022
 D
Lieu, Ted
California · Oct 7, 2022
Bush, Cori
· Oct 4, 2022
 D
Titus, Dina
Nevada · Sep 30, 2022
 D
Pocan, Mark
Wisconsin · Sep 28, 2022
Napolitano, Grace
· Sep 14, 2022
 D
Omar, Ilhan
Minnesota · Sep 14, 2022
 D
Trahan, Lori
Massachusetts · Sep 14, 2022
 D
Chu, Judy
California · Aug 30, 2022
 D
Kelly, Robin L.
Illinois · Aug 30, 2022
 D
Scanlon, Mary Gay
Pennsylvania · Aug 30, 2022
 D
Schiff, Adam B.
California · Aug 12, 2022
 D
Barragán, Nanette Diaz
California · Jul 28, 2022
 D
Beyer, Donald S.
Virginia · Jul 28, 2022
 D
Boyle, Brendan F.
Pennsylvania · Jul 28, 2022
 D
Carson, André
Indiana · Jul 28, 2022
 D
Clarke, Yvette D.
New York · Jul 28, 2022
 D
Davis, Danny K.
Illinois · Jul 28, 2022
DEFAZIO, PETER
· Jul 28, 2022
 D
DeLauro, Rosa L.
Connecticut · Jul 28, 2022
 D
DeSaulnier, Mark
California · Jul 28, 2022
 D
Evans, Dwight
Pennsylvania · Jul 28, 2022
 D
Foster, Bill
Illinois · Jul 28, 2022
 D
Garamendi, John
California · Jul 28, 2022
 D
García, Jesús G. "Chuy"
Illinois · Jul 28, 2022
 D
Gomez, Jimmy
California · Jul 28, 2022
Jones, Mondaire
· Jul 28, 2022
MALONEY, CAROLYN
· Jul 28, 2022
 D
McCollum, Betty
Minnesota · Jul 28, 2022
 D
McGovern, James P.
Massachusetts · Jul 28, 2022
 D
Moulton, Seth
Massachusetts · Jul 28, 2022
 D
Nadler, Jerrold
New York · Jul 28, 2022
Newman, Marie
· Jul 28, 2022
 D
Norton, Eleanor Holmes
District of Columbia · Jul 28, 2022
 D
Plaskett, Stacey E.
Virgin Islands · Jul 28, 2022
 D
Schakowsky, Janice D.
Illinois · Jul 28, 2022
 D
Takano, Mark
California · Jul 28, 2022
 D
Tlaib, Rashida
Michigan · Jul 28, 2022
 D
Watson Coleman, Bonnie
New Jersey · Jul 28, 2022
 D
Welch, Peter
Vermont · Jul 28, 2022
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8558: Billionaire Minimum Income Tax Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8558/
MLA
"H.R. 8558: Billionaire Minimum Income Tax Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8558/.
Bluebook (legal)
H.R. 8558, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8558/.
Markdown link
[H.R. 8558: Billionaire Minimum Income Tax Act](https://openamerica.io/bill/117-HR-8558/)
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