Ultra-Millionaire Tax Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8085 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8085 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 25, 2026 Ms. Jayapal (for herself, Mr. Boyle of Pennsylvania, Ms. Ansari, Mr. Beyer, Ms. Chu, Mr. Davis of Illinois, Ms. Dean of Pennsylvania, Mr. Deluzio, Mr. DeSaulnier, Mrs. Foushee, Ms. Friedman, Mr. Frost, Mr. Garcia of Illinois, Mr. Garcia of California, Mr. Goldman of New York, Mrs. Grijalva, Mr. Ivey, Mr. Jackson of Illinois, Mr. Johnson of Georgia, Ms. Kelly of Illinois, Ms. Lee of Pennsylvania, Mr. McGovern, Mr. Nadler, Ms. Norton, Ms. Ocasio-Cortez, Ms. Omar, Mr. Pallone, Ms. Pressley, Mrs. Ramirez, Ms. Sanchez, Ms. Schakowsky, Ms. Simon, Mr. Smith of Washington, Ms. Stansbury, Mr. Takano, Mr. Thanedar, Ms. Tlaib, Ms. Tokuda, Ms. Velazquez, and Mrs. Watson Coleman) introduced the following bill; which was referred to the Committee on Ways and Means ___________________________…