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  • US HR1144
  • Inclusive Prosperity Act of 2017
In Committee
Crossed OverPassedSignedDead/Failed/Vetoed
115th Congress
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.
Financial services and investments, Government information and archives, Income tax credits, Sales and excise taxes, Securities, Tax administration and collection, taxpayers, Taxation
Referred to the House Committee on Ways and Means.  (on 2/16/2017)
Date Chamber Action Description
2/16/2017 H Referred to the House Committee on Ways and Means.
2/16/2017 H Introduced in House
Date Motion Yea Nay Other
None specified