Ultra-Millionaire Tax Act of 2026
The Ultra-Millionaire Tax Act of 2026 would amend the Internal Revenue Code to impose a new annual wealth tax on individuals and certain trusts based on the net value of their taxable assets. The tax…
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Federal legislation · 119th Congress
The Ultra-Millionaire Tax Act of 2026 would amend the Internal Revenue Code to impose a new annual wealth tax on individuals and certain trusts based on the net value of their taxable assets. The tax…
This bill amends the Internal Revenue Code to increase tax deductions for small oil and gas producers on marginal properties. Specifically, it raises the percentage depletion allowance from 15% to a s…
This bill imposes a federal excise tax on crude oil producers and importers when oil prices exceed a baseline threshold, set at 50 percent of the price increase above 2025 average prices. Revenue from…
This bill imposes a federal excise tax on crude oil producers and importers, set at 50% of the amount by which the average quarterly price of Brent crude oil exceeds the 2025 baseline price (adjusted…
The Working Americans' Tax Cut Act amends the Internal Revenue Code to provide tax relief for low- and middle-income individuals while imposing a surcharge on high-income earners. It establishes an al…
This bill amends the Internal Revenue Code to establish a gasoline tax holiday from the date of enactment through September 30, 2026, setting the federal excise tax rate on gasoline to zero and suspen…
This bill amends the Internal Revenue Code to exclude compensation received for inactive-duty training from federal taxable income. Under current law, such drill pay is subject to federal income tax;…
The Working Americans' Tax Cut Act amends the Internal Revenue Code to provide tax relief for low- and middle-income individuals and impose a surcharge on high-income earners. It creates an alternativ…
This bill amends the Internal Revenue Code to establish a gasoline tax holiday from the date of enactment through September 30, 2026, setting the federal excise tax rate on gasoline to zero and suspen…
The Direct File Act of 2026 codifies a federal government tax preparation and filing program. The bill prohibits the IRS from entering into agreements that restrict its ability to provide free tax ret…
This bill would impose a 5 percent annual wealth tax on individuals and trusts with net assets exceeding $1 billion, adjusted annually for inflation. The bill also includes provisions expanding Medica…
The MINT Act amends the Internal Revenue Code to restore the tax-exempt status of state and local bonds that are guaranteed by Federal Home Loan Banks. Currently, such bonds are treated as federally g…
This bill would impose an annual 5 percent wealth tax on individuals and trusts with net assets exceeding $1 billion, adjusted annually for inflation. The bill establishes valuation rules, enforcement…
The Taxpayer Assistance and Service Act (TAS Act) is a comprehensive bill that modernizes IRS operations and taxpayer services. It requires the IRS to digitize tax returns and correspondence, establis…
The RELIEF Act requires U.S. Customs and Border Protection to refund all tariffs and duties collected under the International Emergency Economic Powers Act since January 1, 2025, within 90 days of ena…
This bill amends the Internal Revenue Code to exclude post-graduation scholarship grants from taxable income when certain conditions are met. Specifically, grants established by tax-exempt organizatio…
The Airborne Act of 2026 creates a federal tax credit for indoor air quality improvements at commercial, public, and nonprofit properties. The credit covers three categories: indoor air quality assess…
The American Business for American Companies Act of 2026 prohibits federal agencies from awarding contracts to inverted domestic corporations—foreign-incorporated entities that acquired substantially…
This bill amends the Internal Revenue Code to allow certain taxpayers affected by federally declared disasters occurring after December 31, 2023, to transfer a portion of their general business credit…
The Affordable Housing Bond Enhancement Act amends the Internal Revenue Code to expand the use of mortgage revenue bonds and mortgage credit certificates for affordable housing. Key provisions include…
This bill prohibits federal agencies from awarding contracts to inverted domestic corporations—foreign-incorporated entities that acquired substantially all assets of a U.S. company but retain signifi…
This bill amends the Internal Revenue Code to exclude from gross income certain Social Security benefits restored by the Social Security Fairness Act of 2023. Specifically, it exempts from taxation mo…
This bill amends the Internal Revenue Code to impose a 100 percent tax on damages received by current or former U.S. Presidents, their family members, and entities they control from civil lawsuits fil…
This bill amends federal aviation law to clarify how local general sales taxes can be used in relation to airport revenues. Specifically, it exempts revenues from local general sales taxes from certai…
The Make American Housing Affordable (MAHA) Act of 2026 establishes a new federal tax credit for first-time homebuyers. Eligible individuals who purchase a principal residence in a given tax year may…