House Bill 7787
116th Congress(2019-2020)
Invest Now Act
Introduced
Introduced in House on Jul 24, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7787
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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.
July 24, 2020
07/30/2020
Referred to the Subcommittee on Trade.
07/24/2020
Referred to the Subcommittee on Select Revenue Measures.
07/24/2020
Referred to the House Committee on Ways and Means.
07/24/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:49 PM