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S 1371 114th Congress Senate

Inclusive Prosperity Act of 2015

Official title: A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen ou… Show full official titleShow less

Official title: A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility.

Introduced: May 19, 2015 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
Taxation Financial services and investmentsGovernment information and archivesIncome tax creditsSales and excise taxes
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SecuritiesTax administration and collection, taxpayers
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 2015
Read twice and referred to the Committee on Finance.
May 19, 2015
Introduced in Senate
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 Latest action May 19, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • S 1373 Related bill College for All Act
  • HR 1464 Related bill Inclusive Prosperity Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schatz, Brian
Hawaii · May 19, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1371: Inclusive Prosperity Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1371/
MLA
"S. 1371: Inclusive Prosperity Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1371/.
Bluebook (legal)
S. 1371, 114th Cong. (2026), https://openamerica.io/bill/114-S-1371/.
Markdown link
[S. 1371: Inclusive Prosperity Act of 2015](https://openamerica.io/bill/114-S-1371/)
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