H.R. 5427 Introduced Taxation

Billionaires Income Tax Act

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Cohen, Steve [D-TN-9] Introduced September 17, 2025 Cosponsors 33 (33 D) Latest action September 17, 2025

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. Sep 17, 2025 Referred to the House Committee on Ways and Means.
  2. Sep 17, 2025 Introduced in House
  3. Sep 17, 2025 Sponsor introductory remarks on measure. (CR H4397)
  4. Sep 16, 2025 Sponsor introductory remarks on measure. (CR E863)

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