US Congress House Bill 1579 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 29-0)
Status: Introduced on April 16 2013 - 25% progression, died in committee
Action: 2013-04-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Inclusive Prosperity Act of 2013

Rep. Keith Ellison [D-MN]	Rep. Earl Blumenauer [D-OR]	Rep. Michael Capuano [D-MA]	Rep. Matthew Cartwright [D-PA]
Rep. Judy Chu [D-CA]	Rep. Katherine Clark [D-MA]	Rep. John Conyers [D-MI]	Rep. Donna Edwards [D-MD]
Rep. Sam Farr [D-CA]	Rep. John Garamendi [D-CA]	Rep. Raul Grijalva [D-AZ]	Rep. Janice Hahn [D-CA]
Rep. Alcee Hastings [D-FL]	Rep. Rush Holt [D-NJ]	Rep. Michael Honda [D-CA]	Rep. Jared Huffman [D-CA]
Rep. Barbara Lee [D-CA]	Rep. Zoe Lofgren [D-CA]	Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]
Rep. Grace Napolitano [D-CA]	Rep. Richard Nolan [D-MN]	Rep. Eleanor Norton [D-DC]	Rep. Beto O'Rourke [D-TX]
Rep. Mark Pocan [D-WI]	Rep. Charles Rangel [D-NY]	Rep. John Sarbanes [D-MD]	Rep. Janice Schakowsky [D-IL]
Rep. Mark Takano [D-CA]

Date	Chamber	Action
2013-04-16	House	Referred to the House Committee on Ways and Means.

HB880 (Related) 2013-02-28 - Referred to the House Committee on Ways and Means.
SB410 (Related) 2013-02-28 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/1579/all-info
Text	https://www.congress.gov/113/bills/hr1579/BILLS-113hr1579ih.pdf