Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 7787

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to provide a reduced capital gains rate on certain property acquired in 2020.
About This Bill
Committee
Latest Action · July 30, 2020
Referred to the Subcommittee on Trade.
Congress
116th (2019–2021)
Introduced
July 24, 2020
Sponsor
Rep. David SchweikertR
Cosponsors (1)
0D 1R
View PDF ↗

Summary

Highlight any text to annotate
Invest Now Act This bill reduces to 5% the capital gains tax rate for property purchased in 2020 and held by the taxpayer for more than five years.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.