HR 1144

Title: Inclusive Prosperity Act of 2017
Author: Rep. Keith Ellison (DEM-MN)

Summary
<p><b>Inclusive Prosperity Act of 201</b><b>7</b></p> <p> 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. </p>

Status
Introduced in House 02/16/2017
Introduced in House 02/16/2017
Referred to the House Committee on Ways and Means. 02/16/2017

Bill Text
08/16/2017 - HR 1144 (Introduced+in+House)
02/16/2017 - HR 1144 (Introduced+in+House)

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Author Details


    Rep. Keith Ellison (D-MN)
    () - U.S. Representative

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    Contact Tips

    Capital Address:
    2263 Rayburn House Office Building

    Washington, DC 20515-2305
    Phone: (202) 225-4755

    District Address:
    2100 Plymouth Avenue North

    Minneapolis, MN 55411
    Phone: (612) 522-1212
    Fax: (612) 522-9915

 
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