HB5427Introduced in the House
Billionaires Income Tax Act
Introduced by Steve Cohen, District TN-9
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Referred to the House Committee on Ways and Means.
September 17, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
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Bill history
Sponsor introductory remarks on measure. (CR E863)
Introduced in House
Sponsor introductory remarks on measure. (CR H4397)
Introduced in House
Referred to the House Committee on Ways and Means.
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