HR 6411 · 112th Congress · Taxation

Inclusive Prosperity Act

Introduced 2012-09-14· Sponsored by Rep. Ellison, Keith [D-MN-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-09-14)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (16)

16 Democrats