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Ultra-Millionaire Tax Act of 2026
4/15/2026, 8:05 AM
Summary of Bill HR 8085
The Ultra-Millionaire Tax Act of 2026, designated as H.R. 8085 in the 119th Congress and introduced on March 25, 2026, aims to implement a tax on ultra-millionaire individuals. The bill includes provisions for taxing high-net-worth individuals to address economic inequality and raise revenue. Specific details on tax rates, thresholds, enforcement mechanisms, and use of generated funds are likely outlined within the bill, which can be accessed via the provided links.
Read the Full Bill
Current Status of Bill HR 8085
Bill HR 8085 is currently in the status of Bill Introduced since March 25, 2026. Bill HR 8085 was introduced during Congress 119 and was introduced to the House on March 25, 2026. Bill HR 8085's most recent activity was Referred to the House Committee on Ways and Means. as of March 25, 2026
Bipartisan Support of Bill HR 8085
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
249Democrat Cosponsors
249Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 8085
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 8085
Ultra-Millionaire Tax Act of 2026
Ultra-Millionaire Tax Act of 2026
To amend the Internal Revenue Code of 1986 to impose a tax on the net value of assets of a taxpayer, and for other purposes.
Comments
Sponsors and Cosponsors of HR 8085
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