A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on systemically important AI activity, and for other purposes.
Bill Summary
Imposes an excise tax on companies that engage in systemically important artificial intelligence (AI) activities, which are AI activities that have a big impact on the economy. Requires these companies to pay a tax on their AI-related profits.
Sponsored By
Bill Journey
- Jun 18, 2026
- Jun 18, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects large tech companies and other businesses that rely heavily on AI, requiring them to pay a new tax on their AI-related activities. The tax would increase costs for these companies, potentially impacting their investments in AI development and deployment.
Impact Areas
Support & Opposition
- Independent / other1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
- Tech
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.