Equal Tax Act
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, Equal Tax Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Social Welfare, Agriculture.
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 H03C3978AA74C49DFB1BA5F1E8540824A: 1. Short title This Act may be cited as the Equal Tax Act.
- Section HB10E956E7EDC43CBA2E8B9DA0E602820: 2. Preferential rates for dividends and capital gains limited to incomes of $1,000,000 or less Section 1(h) of the Internal Revenue Code of 1986 is amended by...
- Section H8123AD2BCF5245F18F4C692A25B62E67: 3. Deemed realization of capital gains at time of gift or death Part IV of subchapter P of chapter 1 of the Internal Revenue Code of 1986 is amended by adding...
- Section HD7F70EAE91B847869B1061C88F42FB00: 1261. Gains from certain property transferred by gift or upon death Any property which is transferred by gift or at death shall be treated as sold for its fair...
- Section H8DDFC3AF32E747C4B9B7891BFE72D260: 4. Exclusion of certain amounts of realized capital gain Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting...
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, Equal Tax Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Social Welfare, Agriculture
Primary Purpose
This bill, Equal Tax Act, 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
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Markey (for himself, Mr. Sanders, Mr. Merkley, and Mr. …
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