To amend the Internal Revenue Code of 1986 to provide a reduced capital gains rate on certain property acquired in 2020.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Select Revenue Measures.
Referred to the Subcommittee on Trade.
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