H.R.1579 - Inclusive Prosperity Act of 2013

To impose a tax on certain trading transactions to strengthen our financial security, reduce market volatility, expand opportunity, and stop shrinking the middle class. view all titles (2)

All Bill Titles

  • Official: To impose a tax on certain trading transactions to strengthen our financial security, reduce market volatility, expand opportunity, and stop shrinking the middle class. as introduced.
  • Short: Inclusive Prosperity Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/16/13
 
 
 
 
 
 
 

Official Summary

Inclusive Prosperity Act of 2013 - 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 not

Official Summary

Inclusive Prosperity Act of 2013 - 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.

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Organizations Supporting H.R.1579

  • National Nurses United

Organizations Opposing H.R.1579

  • None via MapLight at this time.


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