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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Inclusive Prosperity Act of 2013

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To impose a tax on certain trading transactions to strengthen our financial security, reduce market volatility, expand opportunity, and stop shrinking the middle class.


Actions Overview (1)

Date
04/16/2013 Introduced in House

All Actions (2)

Date
04/16/2013 Referred to the House Committee on Ways and Means.
Action By: House of Representatives
04/16/2013 Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means04/16/2013 Referred to

Related Bills (2)

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Subjects (7)

  • Financial services and investments
  • Government information and archives
  • Income tax credits
  • Sales and excise taxes
  • Securities
  • Tax administration and collection, taxpayers

Latest Summary (1)

There is one summary for H.R.1579. View summaries

Shown Here:
Introduced in House (04/16/2013)

Inclusive Prosperity Act of 2013 - Amends the Internal Revenue Code to: (1) impose an excise tax on the transfer of ownership in certain securities (covered transaction), including any share of stock in a corporation, any partnership or beneficial interest in a partnership or trust, any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds), or derivative financial instruments; (2) impose a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement; and (3) allow an individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) a tax credit for the amount of tax paid on covered transactions.