H.R. 6411 (112th): Inclusive Prosperity Act

Introduced:
Sep 14, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Keith Ellison [D-MN5]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 14, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 14, 2012
Referred to Committee Sep 14, 2012
Cosponsors
16 cosponsors (16D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To impose a tax on certain trading transactions to strengthen our financial security, expand opportunity, and stop shrinking the middle class.

Summary

No summaries available.

Text

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Last updated Sep 14, 2012.
15 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/14/2012--Introduced.
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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 38 Stat. 745