Amendment · S.Amdt. 4585· Senate(119-SAMDT-4585)

S.Amdt. 4585

Age: 77 years

Oregon

Changes bill: 119-S-1383 — Veterans Accessibility Advisory Committee Act of 2025

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

SA 4585, submitted by Mr. Wyden, aims to change the Internal Revenue Code of 1986 by adding a section to increase the top individual tax rate.

The purpose of this amendment is to:

Change the 37-percent rate bracket to 39.6 percent for taxable income that exceeds a specific threshold.
Establish an applicable threshold of $800,000,000 for certain taxpayer categories and 1/2 of that amount for others.
Set the effective date for these changes to apply to taxable years beginning after December 31, 2025.