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Searching...- Bills
- H.R.7863
H.R.7863: Paying a Fair Share Act of 2019
About This Bill
- Introduced July 30, 2020
- Latest Major Action July 30, 2020
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Democrats)
Bill Version
- Introduced in House - July 30, 2020
Bill Summary
Paying a Fair Share Act of 2019 This bill requires an individual taxpayer whose adjusted gross income exceeds $1 million (high-income taxpayer) to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). The amount of the tax is the excess (if any) of the tentative fair share tax over the excess of (1) the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 30, 2020 |
Referred to the Subcommittee on Select Revenue Measures.
|
| July 30, 2020 |
Referred to the House Committee on Ways and Means.
|
| July 30, 2020 |
Introduced in the House by David Cicilline (D-R.I.) |