Millionaires Surtax Act
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 10, 2021
Last action Jun 10, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 10, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jun 10, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Van Hollen
DDemocratic
Co
Amy Klobuchar
DDemocratic
Co
Jeff Merkley
DDemocratic
Co
Sherrod Brown
DDemocratic
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