3.0.0 7787 2023-01-11T13:45:49Z 2023-01-11T13:45:49Z House HR 2020-07-24 116 [Congressional Record Volume 166, Number 131 (Friday, July 24, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHWEIKERT:H.R. 7787.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the U.S. Constitution:The Congress shall have Power to make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H3859]]]> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2020-07-30T14:37:53Z hswm05 Tax Subcommittee Referred to 2020-07-24T14:25:31Z Referred to 2020-07-24T13:02:30Z 2020-07-30 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2020-07-24 hswm05 Tax Subcommittee 1 House committee actions Referred to the Subcommittee on Select Revenue Measures. Committee 2020-07-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-07-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-24 Introduced in House IntroReferral 1000 9 Library of Congress S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 N N000181 Rep. Nunes, Devin [R-CA-22] Devin Nunes R CA 22 2020-07-24 True Taxation Capital gains tax Property tax Taxation 00 2020-07-24 Introduced in House 2020-09-03T15:19:01Z 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.

]]> Invest Now Act Display Title Invest Now Act Short Title(s) as Introduced Invest Now Act Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a reduced capital gains rate on certain property acquired in 2020. Introduced in House IH Introduced in House 2020-07-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7787ih/xml/BILLS-116hr7787ih.xml 2020-07-30 Referred to the Subcommittee on Trade. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.