To amend the Internal Revenue Code of 1986 to impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains.
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 impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Social Welfare, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers 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, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H3C2E21E992E44E66A324283B1ECED990: 1. Short title This Act may be cited as the Billionaire Minimum Income Tax Act.
- Section HBA2A48DE57DB4F17831F330FAD80A843: 2. Minimum tax on certain wealthy taxpayers Subtitle A of the Internal Revenue Code of 1986 is amended by inserting after chapter 4 the following new chapter:...
- Section HB94739284DD6426AA77FF1E9F929763F: 1481. Minimum tax on certain wealthy taxpayers In the case of an applicable taxpayer, there is hereby imposed (in addition to any other tax imposed by this...
- Section H748D852269BB425E848BC6B96CEFA374: 1482. Certain otherwise exempt transfers by certain wealthy taxpayers treated as taxable Notwithstanding any other provision of this title, in the case of any...
- Section HE5EF0F8E94544C6492AE066ED892981F: 25F. Minimum tax on certain wealthy taxpayers credited against recognized gains In the case of an individual (including any estate or trust), there shall be...
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 impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Social Welfare, Government Operations
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to impose a minimum tax on certain wealthy taxpayers that takes into account unrealized gains., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Cohen (for himself, Ms. Schakowsky, Ms. Tlaib, Mr. García …
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?
- "the_secretary"
- → The Secretary identified in the operative section
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