The public record · 119th Congress

Billionaires Income Tax Act

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Other titles

the names this measure carries besides the one at the top of this page, each with the record's own label for it. The collection includes titles given to parts of a bill as well as to the whole.

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.Official Title as Introduced

Billionaires Income Tax ActShort Title(s) as Introduced

Legislative history

H.R. 5427·House·Bill·Taxation

Rep. Steve Cohen(Democratic-Tennessee-9)·

Sep 16, 2025

IntroducedSponsor introductory remarks on measure. (CR E863)

Sep 17, 2025

IntroducedSponsor introductory remarks on measure. (CR H4397)

Sep 17, 2025

IntroducedIntroduced in House

Sep 17, 2025

HouseReferred to the House Committee on Ways and Means.

Documents

Everything Congress printed about this measure. A bill is reprinted each time it changes, the Congressional Research Service summarizes each version, and the committee that reports a bill files its own written account of it.

Bill text

Sep 17, 2025As introduced in the House