3.0.0 410 2022-03-03T21:28:01Z 2022-03-03T21:28:01Z Senate S S 2013-02-28 113 ssfi00 Finance Committee Senate Standing Referred to 2013-02-28T18:29:25Z Inclusive Prosperity Act of 2013 113 1579 HR 2013-04-16 Referred to the House Committee on Ways and Means. Related bill CRS Job Preservation and Economic Certainty Act of 2013 113 277 S 2013-02-11 Read twice and referred to the Committee on Finance. Related bill CRS Wall Street Trading and Speculators Tax Act 113 880 HR 2013-02-28 Referred to the House Committee on Ways and Means. Identical bill CRS 2013-02-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2013-02-28 Introduced in Senate IntroReferral 10000 9 Library of Congress H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD N W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2013-02-28 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2013-02-28 True Taxation Commodities markets Employee benefits and pensions Foreign and international corporations Health care costs and insurance Income tax credits Income tax deferral Sales and excise taxes Securities Student aid and college costs Tax administration and collection, taxpayers Taxation 00 2013-02-28 Introduced in Senate 2013-04-01T22:05:14Z Wall Street Trading and Speculators Tax Act - Amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs or is cleared on a trading facility located in the United States, or (2) the purchaser or seller is a U.S. person.

Defines "security" to include: (1) stocks, partnership interests, notes, bonds, debentures, or other evidences of indebtedness; (2) interests in a derivative financial instrument (i.e., any option, forward contract, futures contract, or any similar financial instrument) and (3) any notional principal contract.

Exempts from such tax: (1) initial issues of securities; (2) any note, bond, debenture, or other evidence of indebtedness which is traded on a trading facility located in the United States and has a fixed maturity of not more than 100 days; and (3) securities traded pursuant to certain lending arrangements. Makes such tax applicable to transactions by controlled foreign corporations and payable by its U.S. shareholders.

Allows an offset against such tax for contributions to certain tax-favored accounts, including tax-exempt retirement plans, Archer medical savings accounts, health savings accounts, and qualified tuition plans and Coverdell education savings accounts.

]]> Wall Street Trading and Speculators Tax Act Short Titles as Introduced Wall Street Trading and Speculators Tax Act Display Title Wall Street Trading and Speculators Tax Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions. Introduced in Senate 2013-02-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s410is/xml/BILLS-113s410is.xml 2013-02-28 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.