H.R.5427

Billionaires Income Tax Act

Introduced·9/16/25

Billionaires Income Tax Act aims to eliminate tax deferral strategies for high-income individuals.

The Billionaires Income Tax Act seeks to close tax loopholes that allow high-income individuals to defer taxes indefinitely. It modifies over 30 tax provisions to ensure that billionaires pay taxes annually. The bill targets strategies like "buy, borrow, die" by requiring annual taxation on income earned by high-income individuals. It also closes loopholes that allow wealthy taxpayers to transfer untaxed appreciated assets to their heirs at death, ensuring these heirs sell such assets are subject to tax.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Ways And Means Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Sep 17, 2025

House

Introduced in House

Sep 17, 2025

House

Sponsor introductory remarks on measure. (CR H4397)

Sep 17, 2025

House

Introduced in House