Content Details
S. 2845 (IS) - Billionaires Income Tax Act
- Category
- Bills and Statutes
- Collection
- Congressional Bills
- SuDoc Class Number
- Y 1.6:
Y 1.4/1:
- Congress Number
- 119th Congress
- Congress Session
- 1st Session
- Last Action Date Listed
- September 17, 2025
- Action
- Mr. Wyden (for himself, Mr. Whitehouse, Ms. Warren, Mr. Sanders, Ms. Smith, Mr. Luján, Mr. Welch, Ms. Alsobrooks, Ms. Baldwin, Mr. Blumenthal, Ms. Duckworth, Mr. Fetterman, Mr. Heinrich, Ms. Hirono, Mr. Markey, Mr. Merkley, Mr. Murphy, Mrs. Murray, Mr. Reed, Mr. Schatz, and Mr. Van Hollen) introduced the following bill; which was read twice and referred to the Committee on Finance
- Bill Number
- S. 2845
- Bill Version
- Introduced in Senate (IS)
- 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
- Ron Wyden(OR)
- Cosponsors
- Sheldon Whitehouse (RI); Elizabeth Warren (MA); Bernard Sanders (VT); Tina Smith (MN); Ben Ray Lujan (NM); Peter Welch (VT); Angela D. Alsobrooks (MD); Tammy Baldwin (WI); Richard Blumenthal (CT); Tammy Duckworth (IL); John Fetterman (PA); Martin Heinrich (NM); Mazie K. Hirono (HI); Edward J. Markey (MA); Jeff Merkley (OR); Christopher Murphy (CT); Patty Murray (WA); Jack Reed (RI); Brian Schatz (HI); Chris Van Hollen (MD)
- Committees
- Committee on Finance (Standing)
- Public and Private Law References
- Public Law 119-21
- United States Code Reference
- 26 U.S.C.