Legis Daily

Millionaires Surtax Act

USA117th CongressS-2028| Senate 
| Updated: 6/10/2021
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Cosponsors (3)
Amy Klobuchar (Democratic)Sherrod Brown (Democratic)Jeff Merkley (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Millionaires Surtax Act This bill imposes an additional 10% tax on individual taxpayers whose modified adjusted gross income exceeds $2 million ($1 million for taxpayers not filing a joint return or surviving spouses). The bill sets forth special rules for the taxation of nonresident aliens and citizens and residents living abroad, and exempts charitable trusts from such tax.
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Timeline

Bill from Previous Congress

S 116-2809
Millionaires Surtax Act
Jun 10, 2021
Introduced in Senate
Jun 10, 2021
Read twice and referred to the Committee on Finance.
Jun 11, 2021

Latest Companion Bill Action

HR 117-3805
Introduced in House
  • Bill from Previous Congress

    S 116-2809
    Millionaires Surtax Act


  • June 10, 2021
    Introduced in Senate


  • June 10, 2021
    Read twice and referred to the Committee on Finance.


  • June 11, 2021

    Latest Companion Bill Action

    HR 117-3805
    Introduced in House

Taxation

Related Bills

  • HR 117-3805: Millionaires Surtax Act
Income tax ratesTax administration and collection, taxpayers

Millionaires Surtax Act

USA117th CongressS-2028| Senate 
| Updated: 6/10/2021
Millionaires Surtax Act This bill imposes an additional 10% tax on individual taxpayers whose modified adjusted gross income exceeds $2 million ($1 million for taxpayers not filing a joint return or surviving spouses). The bill sets forth special rules for the taxation of nonresident aliens and citizens and residents living abroad, and exempts charitable trusts from such tax.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-2809
Millionaires Surtax Act
Jun 10, 2021
Introduced in Senate
Jun 10, 2021
Read twice and referred to the Committee on Finance.
Jun 11, 2021

Latest Companion Bill Action

HR 117-3805
Introduced in House
  • Bill from Previous Congress

    S 116-2809
    Millionaires Surtax Act


  • June 10, 2021
    Introduced in Senate


  • June 10, 2021
    Read twice and referred to the Committee on Finance.


  • June 11, 2021

    Latest Companion Bill Action

    HR 117-3805
    Introduced in House
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Cosponsors (3)
Amy Klobuchar (Democratic)Sherrod Brown (Democratic)Jeff Merkley (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 117-3805: Millionaires Surtax Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax ratesTax administration and collection, taxpayers