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Changes to Capital Gains Tax Brackets

This act aims to align capital gains tax brackets with current income tax brackets. This means the income thresholds that determine the tax rates on profits from selling stocks or real estate will be adjusted. These changes could affect the amount of tax citizens pay on their investments.
Key points
Raising income thresholds for capital gains tax rates.
Potential reduction in capital gains tax for some citizens, depending on their income and profit levels.
Changes will apply to tax years beginning after the act's enactment date.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_3265
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2021-05-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Middle Class Savings Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3265.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-17.

What are the main provisions?

Key points include:

  • Raising income thresholds for capital gains tax rates.
  • Potential reduction in capital gains tax for some citizens, depending on their income and profit levels.
  • Changes will apply to tax years beginning after the act's enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy