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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
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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
Jun 10, 2021
Read twice and referred to the Committee on Finance.
Jun 10, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 June 10, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 3805 Identical bill Millionaires Surtax Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Klobuchar, Amy
Minnesota · Jun 10, 2021
 D
Merkley, Jeff
Oregon · Jun 10, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2028: Millionaires Surtax Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2028/
MLA
"S. 2028: Millionaires Surtax Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2028/.
Bluebook (legal)
S. 2028, 117th Cong. (2026), https://openamerica.io/bill/117-S-2028/.
Markdown link
[S. 2028: Millionaires Surtax Act](https://openamerica.io/bill/117-S-2028/)
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