Bill116th CongressFiled Jul 24, 2020Taxation
H.R. 7787
Invest Now Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 24, 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.
What just happenedJul 30, 2020
Referred to the Subcommittee on Trade.
Who’s behind it
Rep. Schweikert, David [R-AZ-6](R-AZ)Sponsor
1 cosponsor1 R
1cosponsors1committees5actions2subjects
- Introduced in HouseJul 24, 2020
- Jul 30, 2020Committee
Referred to the Subcommittee on Trade.
Trade Subcommittee - Jul 24, 2020Committee
Referred to the Subcommittee on Select Revenue Measures.
Tax Subcommittee - Jul 24, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 24, 2020IntroReferralIntro-H
Introduced in House
- Jul 24, 2020IntroReferral1000
Introduced in House