H.R. 6411 · 112th Congress
Inclusive Prosperity Act
- Stage
- In committee
- Sponsor
- Keith Ellison
- Introduced
- 2012-09-14
- Latest action
- 2012-09-14 · Introduced in House
Summary
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.