3.0.0 805 2023-01-11T13:37:00Z 2023-01-11T13:37:00Z Senate S 2017-04-03 115 ssfi00 Finance Committee Senate Standing Referred to 2017-04-03T22:09:00Z Inclusive Prosperity Act of 2017 115 1144 HR 2017-02-16 Referred to the House Committee on Ways and Means. Related bill CRS 2017-04-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-04-03 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2018-06-27 False Taxation Financial services and investments Government information and archives Income tax credits Sales and excise taxes Securities Tax administration and collection, taxpayers Taxation 00 2017-04-03 Introduced in Senate 2017-04-18T19:30:37Z 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.

]]> Inclusive Prosperity Act of 2017 Display Title Inclusive Prosperity Act of 2017 Official Title as Introduced A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility. Introduced in Senate IS Short Titles as Introduced Inclusive Prosperity Act of 2017 Introduced in Senate 2017-04-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s805is/xml/BILLS-115s805is.xml 2017-04-03 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.