What does Preamble of Make Billionaires Pay Their Fair Share Act do?

This bill aims to amend the Internal Revenue Code of 1986 It proposes to impose an annual tax on the net value of assets held by a taxpayer

What does SHORT TITLE, ETC. of Make Billionaires Pay Their Fair Share Act do?

This Act is formally titled the 'Make Billionaires Pay Their Fair Share Act'.

What does IMPOSITION OF TAX ON NET VALUE OF ASSETS. of Make Billionaires Pay Their Fair Share Act do?

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What does ENFORCEMENT. of Make Billionaires Pay Their Fair Share Act do?

The Secretary of the Treasury must audit at least 50% of taxpayers under section 2901 annually Funding is appropriated for IRS enforcement activities to collect taxes owed under section 2901

What does AFFORDABILITY REBATES. of Make Billionaires Pay Their Fair Share Act do?

This section amends Section 6428B of the Internal Revenue Code of 1986, renaming it 'affordability rebates'. The 'affordability rebate amount' is defined as $3,000 ($6,000 for joint returns) plus $3,000 multiplied by the number of dependents. The rebate amount is applicable for the taxable year 2026, replacing the previous reference to 2021. Certain dollar amounts within the existing code section are increased, including adjustments to $3,000 and $6,000. The effective dates for various provisions related to the rebates are shifted from 2021 to 2026. A conforming amendment updates the table of sections for subchapter B of chapter 65 of the Internal Revenue Code of 1986 to reflect the change in section name.

What does REPEAL OF RECONCILIATION HEALTH PROVISIONS. of Make Billionaires Pay Their Fair Share Act do?

This section repeals subtitle B of title VII of Public Law 119-21, except as provided in subsection (b). Exceptions to the repeal include provisions and amendments made by sections 71202, 71306, and 71401. The section amends the availability of funds allocated under the rural health transformation program.

What does INCREASE IN ELIGIBILITY FOR PREMIUM TAX CREDIT. of Make Billionaires Pay Their Fair Share Act do?

This section amends section 36B of the Internal Revenue Code of 1986, related to premium tax credits. It increases the income eligibility for premium tax credits by striking the phrase 'but does not exceed 400 percent' in section 36B(c)(1). It modifies the sliding scale percentages for premium tax credits based on household income tiers, adjusting the initial and final premium percentages. It removes certain subparagraphs (E) of section 36B(c)(1) and clause (iv) of section 36B(c)(2), and subparagraph (F) of section 36B(c)(4). These amendments apply to taxable years beginning after December 31, 2025.

What does SHORT TITLE. of Make Billionaires Pay Their Fair Share Act do?

This bill is formally titled the Medicare Dental, Hearing, and Vision Expansion Act of 2026.

What does COVERAGE OF DENTAL AND ORAL HEALTH CARE. of Make Billionaires Pay Their Fair Share Act do?

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What does PROVIDING COVERAGE FOR HEARING CARE UNDER THE MEDICARE of Make Billionaires Pay Their Fair Share Act do?

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Make Billionaires Pay Their Fair Share Act

Last updated: 3/3/2026 · Introduced: 3/3/2026

Author: Ro Khanna (D-CA)

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119th Congressin committeeS. 3956(In Committee)Official page

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