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Ultra-Millionaire Tax Act of 2026
4/21/2026, 1:24 AM
Summary of Bill S 4246
This is bill S.4246 of the 119th Congress, introduced on March 26, 2026. The bill aims to amend the Internal Revenue Code of 1986 by proposing a tax on the net value of assets of a taxpayer and includes provisions for other purposes.
Read the Full Bill
Current Status of Bill S 4246
Bill S 4246 is currently in the status of Bill Introduced since March 26, 2026. Bill S 4246 was introduced during Congress 119 and was introduced to the Senate on March 26, 2026. Bill S 4246's most recent activity was Read twice and referred to the Committee on Finance. as of March 26, 2026
Bipartisan Support of Bill S 4246
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4246
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 4246
Ultra-Millionaire Tax Act of 2026
Ultra-Millionaire Tax Act of 2026
A bill 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.
Comments
Oakley Hampton
967
4 months ago
I support this bill. It will help ensure that the wealthy pay their fair share in taxes. #taxreform #fairshare
Sponsors and Cosponsors of S 4246
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