The public record · 119th Congress

Billionaires Income Tax Act

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Other titles

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A bill 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

S. 2845·Senate·Bill·Taxation

Sen. Ron Wyden(Democratic-Oregon)·

Sep 17, 2025

SenateRead twice and referred to the Committee on Finance.

Documents

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Bill text

Sep 17, 2025As introduced in the Senate