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HR 7787 116th Congress House Taxation Capital gains tax Property tax

Invest Now Act

Introduced: July 24, 2020 Introduced by: Schweikert, David Republican · Arizona See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2020
Referred to the Subcommittee on Trade.
Jul 24, 2020
Introduced in House
Jul 24, 2020
Referred to the Subcommittee on Select Revenue Measures.
Jul 24, 2020
Referred to the House Committee on Ways and Means.
 Plain-English summary Congressional Research Service

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.

What's happening now July 30, 2020

Referred to the Subcommittee on Trade.

 Committees of jurisdiction 3