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HR 6498 118th Congress House Taxation

Billionaire Minimum Income Tax Act

Introduced: November 29, 2023 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Nov 29, 2023
Referred to the House Committee on Ways and Means.
Nov 29, 2023
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 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.

What's happening now November 29, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 61
All 61 Democratic 52
D
Magaziner, Seth
Rhode Island · May 21, 2024
 D
Barragán, Nanette Diaz
California · Nov 29, 2023
 D
Boyle, Brendan F.
Pennsylvania · Nov 29, 2023
 D
Budzinski, Nikki
Illinois · Nov 29, 2023
Bush, Cori
· Nov 29, 2023
 D
Carson, André
Indiana · Nov 29, 2023
 D
Carter, Troy A.
Louisiana · Nov 29, 2023
 D
Casar, Greg
Texas · Nov 29, 2023
 D
Chu, Judy
California · Nov 29, 2023
 D
Clarke, Yvette D.
New York · Nov 29, 2023
 D
Cleaver, Emanuel
Missouri · Nov 29, 2023
 D
Davis, Danny K.
Illinois · Nov 29, 2023
 D
Dean, Madeleine
Pennsylvania · Nov 29, 2023
 D
DeLauro, Rosa L.
Connecticut · Nov 29, 2023
 D
DeSaulnier, Mark
California · Nov 29, 2023
 D
Evans, Dwight
Pennsylvania · Nov 29, 2023
 D
Foster, Bill
Illinois · Nov 29, 2023
 D
Frost, Maxwell
Florida · Nov 29, 2023
 D
Garamendi, John
California · Nov 29, 2023
 D
García, Jesús G. "Chuy"
Illinois · Nov 29, 2023
 D
Goldman, Daniel S.
New York · Nov 29, 2023
 D
Gomez, Jimmy
California · Nov 29, 2023
 D
Grijalva, Raúl M.
Arizona · Nov 29, 2023
 D
Hoyle, Val T.
Oregon · Nov 29, 2023
 D
Huffman, Jared
California · Nov 29, 2023
Jackson Lee, Sheila
· Nov 29, 2023
 D
Kaptur, Marcy
Ohio · Nov 29, 2023
 D
Keating, William R.
Massachusetts · Nov 29, 2023
 D
Kelly, Robin L.
Illinois · Nov 29, 2023
 D
Landsman, Greg
Ohio · Nov 29, 2023
 D
Larson, John B.
Connecticut · Nov 29, 2023
Lee, Barbara
· Nov 29, 2023
 D
Lieu, Ted
California · Nov 29, 2023
 D
McCollum, Betty
Minnesota · Nov 29, 2023
 D
McGovern, James P.
Massachusetts · Nov 29, 2023
 D
Moulton, Seth
Massachusetts · Nov 29, 2023
 D
Mullin, Kevin
California · Nov 29, 2023
 D
Nadler, Jerrold
New York · Nov 29, 2023
Napolitano, Grace
· Nov 29, 2023
 D
Norcross, Donald
New Jersey · Nov 29, 2023
 D
Norton, Eleanor Holmes
District of Columbia · Nov 29, 2023
 D
Ocasio-Cortez, Alexandria
New York · Nov 29, 2023
 D
Omar, Ilhan
Minnesota · Nov 29, 2023
Pascrell, Bill
· Nov 29, 2023
 D
Pocan, Mark
Wisconsin · Nov 29, 2023
Porter, Katie
· Nov 29, 2023
 D
Raskin, Jamie
Maryland · Nov 29, 2023
 D
Sánchez, Linda T.
California · Nov 29, 2023
 D
Scanlon, Mary Gay
Pennsylvania · Nov 29, 2023
 D
Schakowsky, Janice D.
Illinois · Nov 29, 2023
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6498: Billionaire Minimum Income Tax Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-6498/
MLA
"H.R. 6498: Billionaire Minimum Income Tax Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-6498/.
Bluebook (legal)
H.R. 6498, 118th Cong. (2026), https://openamerica.io/bill/118-HR-6498/.
Markdown link
[H.R. 6498: Billionaire Minimum Income Tax Act](https://openamerica.io/bill/118-HR-6498/)
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