HR 5336
Equal Tax Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:57 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Equal Tax Act aims to equalize the tax treatment of capital gains and earned income by limiting preferential rates for dividends and capital gains to taxpayers with incomes of $1,000,000 or less. It also addresses the taxation of assets transferred through gift or inheritance, treating them as sold at their fair market value, with exceptions for certain types of property and trusts. Furthermore, the bill introduces rules for reporting gifts of appreciated assets and extends the time for paying capital gains taxes on assets realized due to death. Finally, it limits the use of like-kind exchanges to avoid capital gains taxes on real estate and sets a limitation on the deduction for qualified business income.
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