US HB1464 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 37-0)
Status: Introduced on March 19 2015 - 25% progression, died in committee
Action: 2015-03-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Inclusive Prosperity Act of 2015 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.

Tracking Information

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Title

Inclusive Prosperity Act of 2015

Sponsors


History

DateChamberAction
2015-03-19HouseReferred to the House Committee on Ways and Means.
2015-03-19HouseIntroduced in House

Same As/Similar To

SB1371 (Same As) 2015-05-19 - Read twice and referred to the Committee on Finance.
SB1373 (Related) 2015-05-19 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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