To amend the Internal Revenue Code of 1986 to establish a wealth tax, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish a wealth tax, and for other purposes., changes federal law or congressional policy affecting transportation operators and travelers. The main policy domain is Transportation, Finance, Immigration.
Who Benefits and How
transportation operators and travelers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, transportation operators and travelers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H77F7FDD652D6480C83D987F812E52269: 1. Short title This Act may be cited as the Oligarch Act of 2023.
- Section H64ED2F51FFCB4149AA8E80E27CB79CA1: 2. Imposition of wealth tax The Internal Revenue Code of 1986 is amended by inserting after subtitle B the following new subtitle: B–1Wealth tax Chapter...
- Section H39FFC96CD46D49FE9BAE96842CC05C24: 2901. Imposition of tax In the case of any applicable taxpayer, a tax is hereby imposed on the net value of all taxable assets of the taxpayer on the last day...
- Section H7D83CD2261D74919847B68B9878C6D03: 2902. Net value of taxable assets For purposes of this subtitle, the term net value of all taxable assets means, as of any date, the excess of— the value of...
- Section H079089AA46B543EAB2EA3EA19322E9E0: 2903. Special rules In the case of any individual who dies during a calendar year and who is not married on the date of such individual's death— section 2901...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish a wealth tax, and for other purposes., changes federal law or congressional policy affecting transportation operators and travelers.
Key Policy Areas
Transportation, Finance, Immigration
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to establish a wealth tax, and for other purposes., changes federal law or congressional policy affecting transportation operators and travelers.
Policy Domains
Whole bill
Identified Gains
- transportation operators and travelers
Identified Costs
- federal implementing agencies
- transportation operators and travelers
Sponsors
Legislative Progress
IntroducedMs. Lee of California (for herself, Ms. Lee of Pennsylvania, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology