US HB7787 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on July 24 2020 - 25% progression, died in committee
Action: 2020-07-30 - Referred to the Subcommittee on Trade.
Pending: House Subcommittee on Trade Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 24 2020 - 25% progression, died in committee
Action: 2020-07-30 - Referred to the Subcommittee on Trade.
Pending: House Subcommittee on Trade Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reduces to 5% the capital gains tax rate for property purchased in 2020 and held by the taxpayer for more than five years.
Title
Invest Now Act
Sponsors
| Rep. David Schweikert [R-AZ] | Rep. Devin Nunes [R-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-07-30 | House | Referred to the Subcommittee on Trade. |
| 2020-07-24 | House | Referred to the Subcommittee on Select Revenue Measures. |
| 2020-07-24 | House | Referred to the House Committee on Ways and Means. |
| 2020-07-24 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7787/all-info |
| Text | https://www.congress.gov/116/bills/hr7787/BILLS-116hr7787ih.pdf |
