Content Details
H.R. 5427 (IH) - Billionaires Income Tax Act
- Category
- Bills and Statutes
- Collection
- Congressional Bills
- SuDoc Class Number
- Y 1.6:
Y 1.4/6:
- Congress Number
- 119th Congress
- Congress Session
- 1st Session
- Last Action Date Listed
- September 17, 2025
- Action
- Mr. Cohen (for himself, Mr. Beyer, Ms. Tlaib, Mr. García of Illinois, Mr. McGovern, Ms. Norton, Mr. Davis of Illinois, Ms. DeLauro, Mr. Boyle of Pennsylvania, Ms. McCollum, Mr. Nadler, Mr. Garamendi, Ms. Kelly of Illinois, Ms. Dean of Pennsylvania, Mr. Mullin, Ms. Omar, Mr. Landsman, Ms. Scanlon, Ms. Clarke of New York, Mr. Huffman, Mr. Norcross, Ms. Sánchez, Mr. Evans of Pennsylvania, Mr. Frost, Ms. Lee of Pennsylvania, Ms. Simon, Mr. Jackson of Illinois, and Mrs. Ramirez) introduced the following bill; which was referred to the Committee on Ways and Means
- Bill Number
- H.R. 5427
- Bill Version
- Introduced in House (IH)
- Short Title
- Billionaires Income Tax Act
- Full Title
- 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.
- Sponsors
- Steve Cohen(TN)
- Cosponsors
- Donald S. Beyer, Jr. (VA); Rashida Tlaib (MI); James P. McGovern (MA); Eleanor Holmes Norton (DC); Danny K. Davis (IL); Rosa L. DeLauro (CT); Brendan F. Boyle (PA); Betty McCollum (MN); Jerrold Nadler (NY); John Garamendi (CA); Robin L. Kelly (IL); Madeleine Dean (PA); Kevin Mullin (CA); Ilhan Omar (MN); Greg Landsman (OH); Mary Gay Scanlon (PA); Yvette D. Clarke (NY); Jared Huffman (CA); Donald Norcross (NJ); Linda T. Sanchez (CA); Dwight Evans (PA); Maxwell Frost (FL); Summer L. Lee (PA); Lateefah Simon (CA); Jonathan L. Jackson (IL); Delia C. Ramirez (IL)
- Committees
- Committee on Ways and Means (Standing)
- United States Code Reference
- 26 U.S.C.