S 2028
117th Congress
Senate
Taxation
Income tax rates
Tax administration and collection, taxpayers
Millionaires Surtax Act
Introduced: June 10, 2021
Introduced by:
Van Hollen, Chris
Democratic
· Maryland
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2021
Read twice and referred to the Committee on Finance.
Jun 10, 2021
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1