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- H.R.7787
H.R.7787: Invest Now Act
About This Bill
- Introduced July 24, 2020
- Latest Major Action July 30, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - July 24, 2020
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 30, 2020 |
Referred to the Subcommittee on Trade.
|
| July 24, 2020 |
Referred to the House Committee on Ways and Means.
|
| July 24, 2020 |
Referred to the Subcommittee on Select Revenue Measures.
|
| July 24, 2020 |
Introduced in the House by David Schweikert (R-Ariz.) |