# 119-hr-5336: Equal Tax Act

119-hr-5336, Equal Tax Act, is a 119th Congress bill sponsored by Rep. Ramirez, Delia C. [D-IL-3] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-06-25).

- Canonical: https://policyrisk.com/legislation/119-hr-5336
- As of: 2026-06-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5336
- Congress: 119
- Title: Equal Tax Act
- Status: introduced
- Introduced: 2025-09-11
- Sponsor: Rep. Ramirez, Delia C. [D-IL-3] (D-IL)
- Cosponsors: 17
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-25

## Summary

**Deemed realization on transfers by gift or at death** is the central change, paired with limits on low capital-gains rates for high earners. The bill would treat many gifts and inheritances as if sold at fair market value and narrow who gets preferential dividend and capital-gains tax rates.

## Cosponsors (17)

- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2025-09-11T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2025-09-11T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2025-09-11T00:00:00.000Z
- Rep. Ansari, Yassamin [D-AZ-3] (D-AZ), 2025-09-11T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2025-09-11T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-09-11T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2025-09-11T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2025-09-11T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2025-09-11T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2025-09-15T00:00:00.000Z
- Rep. Casar, Greg [D-TX-35] (D-TX), 2025-09-15T00:00:00.000Z
- Rep. Stansbury, Melanie A. [D-NM-1] (D-NM), 2025-10-31T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2025-11-25T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2025-12-17T00:00:00.000Z
- Rep. Goldman, Daniel S. [D-NY-10] (D-NY), 2026-02-04T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-03-26T00:00:00.000Z
- Rep. Mejia, Analilia [D-NJ-11] (D-NJ), 2026-06-23T00:00:00.000Z

## Provisions PRIA read

- Higher taxes on high-end gains: cost, high. Preferential tax rates for capital gains and qualified dividends would apply only to the portion that keeps taxable income at or below $1,000,000. Any gains that push income above $1,000,000 would be taxed at ordinary rates. Gains from certain qualifying family farm or business transfers by gift or…
- Cap on pass-through business deduction: cost, high. The 20% deduction for qualified business income would be capped by taxable income. Only up to $1,000,000 of taxable income would count when figuring the deduction. A related rule would treat all other income as non‑QBI for this test. These changes would apply to tax years after Dec 31, 2025.
- Limits on like-kind real estate swaps: cost, medium. Deferral of gain in real estate like‑kind exchanges would be limited for non‑qualified property. Only up to $500,000 of gain could be excluded each year, and up to $1,000,000 over your lifetime. Property used for farming, or exchanged for property for the same farming purpose, would be treated as q…
- New taxes on gifts and inheritances: mixed, high. This bill would treat most gifts and inheritances after Dec 31, 2025 as a sale at fair market value, so gains would be taxed. Transfers to a spouse or qualifying spousal trust and to charities would be spared; personal items are covered only for business, investment, or collectible use, and some tr…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-3069: Medicare for All Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-5336 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5336)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5336 (as of 2026-06-25).