H.R.6411 - Inclusive Prosperity Act

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

All Bill Titles

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

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/14/12
 
 
 
 
 
 
 

Sponsor

Representative

Keith Ellison

D-MN

View Co-Sponsors (16)

Official 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

Official 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.

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