Bill Information for hr5427-119

Long 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.

Short Title

Billionaires Income Tax Act

Vote Information

Status: REFERRED as of 2025-09-17 00:00:00.

Sponsor: This bill was sponsored by Steve Cohen (D-TN).

Party line votes are determined based on this being a D-sponsored piece of legislation. See here for information on how party line votes are determined.

Vote count: There were 0 roll call votes on this bill in total.