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]
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.
Title
Inclusive Prosperity Act of 2015
Sponsors
Rep. Keith Ellison [D-MN] | Rep. John Conyers [D-MI] | Rep. Katherine Clark [D-MA] | Rep. Matthew Cartwright [D-PA] |
Rep. Donna Edwards [D-MD] | Rep. Michael Honda [D-CA] | Rep. James McGovern [D-MA] | Rep. Eleanor Norton [D-DC] |
Rep. John Sarbanes [D-MD] | Rep. Janice Schakowsky [D-IL] | Rep. Mark Takano [D-CA] | Rep. Mark Pocan [D-WI] |
Rep. Judy Chu [D-CA] | Rep. Beto O'Rourke [D-TX] | Rep. Andre Carson [D-IN] | Rep. Jared Huffman [D-CA] |
Rep. Charles Rangel [D-NY] | Rep. Earl Blumenauer [D-OR] | Rep. Richard Nolan [D-MN] | Rep. Jim McDermott [D-WA] |
Rep. Sam Farr [D-CA] | Rep. John Garamendi [D-CA] | Sen. Chris Van Hollen [D-MD] | Rep. John Lewis [D-GA] |
Rep. Chellie Pingree [D-ME] | Rep. Grace Napolitano [D-CA] | Rep. Zoe Lofgren [D-CA] | Rep. Henry Johnson [D-GA] |
Rep. Alcee Hastings [D-FL] | Rep. Barbara Lee [D-CA] | Rep. Janice Hahn [D-CA] | Rep. Ted Lieu [D-CA] |
Rep. Alan Lowenthal [D-CA] | Rep. Raul Grijalva [D-AZ] | Rep. Lucille Roybal-Allard [D-CA] | Rep. Mark Takai [D-HI] |
Rep. Louise Slaughter [D-NY] |
History
Date | Chamber | Action |
---|---|---|
2015-03-19 | House | Referred to the House Committee on Ways and Means. |
2015-03-19 | House | Introduced 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.
SB1373 (Related) 2015-05-19 - Read twice and referred to the Committee on Finance.
Subjects
Financial services and investments
Government information and archives
Income tax credits
Sales and excise taxes
Securities
Tax administration and collection, taxpayers
Taxation
Government information and archives
Income tax credits
Sales and excise taxes
Securities
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/1464/all-info |
Text | https://www.congress.gov/114/bills/hr1464/BILLS-114hr1464ih.pdf |