NO PROFIT Act No Official Presidential Returns On Furtive Individual...
To amend the Internal Revenue Code of 1986 to impose a tax on net capital gain accrued while serving as President of the United States.
This bill proposes to change the tax laws for Presidents of the United States by adding a tax on their net capital gains while they are in office. If passed, this would affect current and future Presidents, who would need to pay taxes on their investment earnings while serving in office, in addition to their regular income taxes.
Currently, the bill is in its early stages. It was introduced on June 29, 2026, and referred to the House Committee on Ways and Means, which is responsible for reviewing tax-related legislation. This means the bill is still being considered and has not yet been voted on by the full House.
So far, the bill has been introduced and referred to the appropriate committee. Future steps include committee review, possible amendments, and a vote by the full House. If it passes the House, it would then move to the Senate for further consideration.
