S. 2845
119th Congress
Senate
Billionaires Income Tax Act
Official title: A bill to amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such… Show full official titleShow less
Official title: A bill to amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pay taxes annually, and for other purposes.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2025
Read twice and referred to the Committee on Finance.
Sep 17, 2025
Introduced in Senate
Votes taken on this bill
3
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Dec 8, 2004 | Senate · vote #216 | On the Conference Report S. 2845 | Agreed To | 89–2 | See who voted → |
| Oct 6, 2004 | Senate · vote #199 | On Passage of the Bill S. 2845 | Passed | 96–2 | See who voted → |
| Oct 5, 2004 | Senate · vote #197 | On the Cloture Motion S. 2845 | Agreed To | 85–10 | See who voted → |
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What's happening now
Read twice and referred to the Committee on Finance.
Related & companion bills
1
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Lobbying activity
28
- NEW VENTURE FUND
- AMERICAN FEDERATION OF TEACHERS
- FINSECA
- M FINANCIAL
- AMERICANS FOR FINANCIAL REFORM
- AMERICANS FOR FINANCIAL REFORM
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Labor, Dept of (DOL)
- Internal Revenue Service (IRS)
- Securities & Exchange Commission (SEC)
- White House Office
- Centers For Medicare and Medicaid Services (CMS)
Cosponsors
23
D
Padilla, Alex
D
Coons, Christopher A.
D
Schiff, Adam B.
D
Alsobrooks, Angela D.
D
Baldwin, Tammy
D
Blumenthal, Richard
D
Duckworth, Tammy
D
Fetterman, John
D
Heinrich, Martin
D
Hirono, Mazie K.
D
Luján, Ben Ray
D
Markey, Edward J.
D
Merkley, Jeff
D
Murphy, Christopher
D
Murray, Patty
D
Reed, Jack
I
Sanders, Bernard
D
Schatz, Brian
D
Smith, Tina
D
Van Hollen, Chris
D
Warren, Elizabeth
D
Welch, Peter
D
Whitehouse, Sheldon
Cite this page
U.S. Congress. (2026). S. 2845: Billionaires Income Tax Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-2845/
"S. 2845: Billionaires Income Tax Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-2845/.
S. 2845, 119th Cong. (2026), https://openamerica.io/bill/119-S-2845/.
[S. 2845: Billionaires Income Tax Act](https://openamerica.io/bill/119-S-2845/)