HR 6411
112th Congress
House
Taxation
Financial services and investments
Income tax credits
Sales and excise taxes
Securities
Inclusive Prosperity Act
Introduced: September 14, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 14, 2012
Referred to the House Committee on Ways and Means.
Sep 14, 2012
Introduced in House
Plain-English summary
Inclusive Prosperity Act - Amends the Internal Revenue Code to: (1) impose a tax on the transfer of ownership in certain securities, 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; and (2) allow an individual taxpayer whose modified adjusted gross income does not exceed $50,000 a tax credit for the amount of tax paid on financial transactions under this Act.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1