S. 4246In Committee
Ultra-Millionaire Tax Act of 2026
Amends the Internal Revenue Code to impose a tax on the net value of taxpayer assets
Plain-English overview
What this bill does
Amends the Internal Revenue Code to impose a tax on the net value of taxpayer assets
Key points
- Amend Internal Revenue Code
- Impose asset net value tax
Current status
Where it stands
Status
In Committee
Latest action
2026-03-26 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation