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S 805 115th Congress Senate Taxation Financial services and investments Government information and archives Income tax credits Sales and excise taxes Securities Tax administration and collection, taxpayers

Inclusive Prosperity Act of 2017

Introduced: April 3, 2017 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Apr 3, 2017
Read twice and referred to the Committee on Finance.
Apr 3, 2017
Introduced in Senate
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 Plain-English summary Congressional Research Service

Inclusive Prosperity Act of 2017

This bill 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.

What's happening now April 3, 2017

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1144 Related bill Inclusive Prosperity Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Gillibrand, Kirsten E.
New York · Jun 27, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 805: Inclusive Prosperity Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-805/
MLA
"S. 805: Inclusive Prosperity Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-805/.
Bluebook (legal)
S. 805, 115th Cong. (2026), https://openamerica.io/bill/115-S-805/.
Markdown link
[S. 805: Inclusive Prosperity Act of 2017](https://openamerica.io/bill/115-S-805/)
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