Billionaire Minimum Income Tax Act
Official title: To amend the Internal Revenue Code of 1986 to impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains.
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Referred to the House Committee on Ways and Means.
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 25% 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.
- Introduced in House Formatted Text PDF Formatted XML
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Cite this page
U.S. Congress. (2026). H.R. 6498: Billionaire Minimum Income Tax Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-6498/
"H.R. 6498: Billionaire Minimum Income Tax Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-6498/.
H.R. 6498, 118th Cong. (2026), https://openamerica.io/bill/118-HR-6498/.
[H.R. 6498: Billionaire Minimum Income Tax Act](https://openamerica.io/bill/118-HR-6498/)