AI companies would be subject to a one-time tax equal to 50% of their outstanding equity interests if a bill proposed by U.S. Senator Bernie Sanders (I-VT) is passed and signed into law. Under the bill, these equity interests would be deposited into a sovereign wealth fund for the benefit of all Americans. The tax would apply to companies engaged in AI trades or businesses (including data centers, AI services and advanced robotics) with gross receipts over $200 million. Technology businesses, such as OpenAI, and President Trump (in a Feb. 2025 executive order) have proposed similar sovereign wealth funds backed by various companies’ stock.
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