HR 601
117th Congress
House
Taxation
Capital gains tax
Property tax
Invest Now Act
Introduced: January 28, 2021
Introduced by:
Schweikert, David
Republican
· Arizona
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 2021
Referred to the House Committee on Ways and Means.
Jan 28, 2021
Introduced in House
Plain-English summary
Invest Now Act
This bill reduces to 5% the capital gains tax rate for property purchased in 2021 and held by the taxpayer for more than five years.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1