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United States · Bill · HR

H.R. 2923 (116th)

Inclusive Prosperity Act of 2019

referredUnited States· United States Congress· EN

Introduced

22 May 2019

Last action

22 May 2019 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Lee, Barbara [D-CA-12], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Takano, Mark [D-CA-39], Rep. Khanna, Ro [D-CA-17], Rep. Cohen, Steve [D-TN-9], Rep. Jayapal, Pramila [D-WA-7], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Omar, Ilhan [D-MN-5], Rep. McGovern, James P. [D-MA-2], Rep. Huffman, Jared [D-CA-2], Rep. Pocan, Mark [D-WI-2], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Pingree, Chellie [D-ME-1], Rep. Lowenthal, Alan S. [D-CA-47], Rep. Gabbard, Tulsi [D-HI-2], Rep. Espaillat, Adriano [D-NY-13], Rep. Tlaib, Rashida [D-MI-12], Rep. Garamendi, John [D-CA-8], Rep. Hastings, Alcee L. [D-FL-20], Rep. Haaland, Debra A. [D-NM-1], Rep. Scanlon, Mary Gay [D-PA-5], Rep. Lofgren, Zoe [D-CA-18], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Sarbanes, John P. [D-MD-3], Rep. Lieu, Ted [D-CA-36], Rep. Clarke, Yvette D. [D-NY-9], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Pressley, Ayanna [D-MA-7], Rep. Levin, Andy [D-MI-9], Rep. Rush, Bobby L. [D-IL-1], Rep. Raskin, Jamie [D-MD-8], Rep. Chu, Judy [D-CA-28]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Inclusive Prosperity Act of 2019 This bill imposes 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); and derivative financial instruments. The bill includes exceptions for initial issues, certain traded short-term indebtedness, and securities lending arrangements. The bill also (1) imposes a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement, and (2) allows 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 May 2019

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 22 May 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 May 2019

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 22 May 2019

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  • Introduced in House (PDF)

    Introduced in House · EN · 22 May 2019

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 22 May 2019

    Open at official source

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Sponsors

Related records

Sources

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