[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3017 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 3017

To amend the Internal Revenue Code of 1986 to make the maximum capital 
                 gains rate for individuals 15 percent.


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                    IN THE HOUSE OF REPRESENTATIVES

                              July 9, 2015

 Mr. Williams introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to make the maximum capital 
                 gains rate for individuals 15 percent.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Invest in America Act of 2015''.

SEC. 2. 15 PERCENT MAXIMUM CAPITAL GAINS RATE.

    (a) In General.--Section 1(h) of the Internal Revenue Code of 1986 
is amended by striking subparagraphs (C) and (D), by redesignating 
subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively, 
and by inserting after subparagraph (B) the following new subparagraph:
                    ``(C) 15 percent of the adjusted net capital gain 
                (or, if less, taxable income) in excess of the amount 
                on which a tax is determined under subparagraph (B),''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2014.
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