Inclusive Prosperity Act of 2013
Latest action · Apr 16, 2013 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 16, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Inclusive Prosperity Act of 2013 - 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.
Cosponsors 28
Members who signed on, in the order they did. Signatures ran from Apr 16, 2013 to Jul 29, 2014; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Barbara Lee | Original | Apr 16, 2013 |
| D-MD | Donna F. Edwards | Original | Apr 16, 2013 |
| D-OR | Earl Blumenauer | Original | Apr 16, 2013 |
| D-DC | Eleanor Holmes Norton | Original | Apr 16, 2013 |
| D-MA | James P. McGovern | Original | Apr 16, 2013 |
| D-MI | John Conyers, Jr. | Original | Apr 16, 2013 |
| D-CA | Judy Chu | Original | Apr 16, 2013 |
| D-AZ | Raúl M. Grijalva | Original | Apr 16, 2013 |
| D-CA | Zoe Lofgren | Apr 24, 2013 | |
| D-WA | Jim McDermott | May 7, 2013 | |
| D-WI | Mark Pocan | May 14, 2013 | |
| D-CA | Grace F. Napolitano | Jun 25, 2013 | |
| D-CA | Sam Farr | Jun 25, 2013 | |
| D-NJ | Rush Holt | Jul 8, 2013 | |
| D-CA | Mark Takano | Jul 24, 2013 | |
| D-MA | Michael E. Capuano | Jul 24, 2013 | |
| D-CA | Jared Huffman | Jul 31, 2013 | |
| D-MD | John P. Sarbanes | Nov 12, 2013 | |
| D-IL | Janice D. Schakowsky | Feb 18, 2014 | |
| D-MN | Richard M. Nolan | Mar 5, 2014 | |
| D-CA | Janice Hahn | Mar 12, 2014 | |
| D-FL | Alcee L. Hastings | Apr 1, 2014 | |
| D-CA | John Garamendi | Apr 1, 2014 | |
| D-MA | Katherine M. Clark | Apr 1, 2014 | |
| D-CA | Michael M. Honda | Apr 8, 2014 | |
| D-TX | Beto O'Rourke | May 19, 2014 | |
| D-NY | Charles B. Rangel | May 28, 2014 | |
| D-PA | Matt Cartwright | Jul 29, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 16, 2013 |
Actions 2
Everything that happened, newest first.
- Apr 16, 2013Introduced in House
- Apr 16, 2013Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H2066.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 113-395 | MAP-21 PREAUTHORIZATION: THE FEDERAL ROLE AND CURRENT CHALLENGES TO PUBLIC TRANSPORTATION69 pages | Banking, Housing, and Urban Affairs Committee | Mar 6, 2014 |
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R42078 | Financial Transactions Taxes: In Brief Archived | Report | Feb 23, 2021 |
| R43608 | High-Frequency Trading: Background, Concerns, and Regulatory Developments Archived | Report | Jun 19, 2014 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 410 | Wall Street Trading and Speculators Tax Act | Related bill | Feb 28, 2013 |
| HR 880 | Wall Street Trading and Speculators Tax Act | Related bill | Feb 28, 2013 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To impose a tax on certain trading transactions to strengthen our financial security, reduce market volatility, expand opportunity, and stop shrinking the middle class.
- Short Titles as Introduced
- Inclusive Prosperity Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 16, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
