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Reduced Capital Gains Tax for 2021 Property Investments

This act introduces a reduced capital gains tax rate for certain properties acquired in 2021. If you purchased property in 2021 and hold it for over 5 years, you will pay a lower tax on the profit from its sale. This aims to encourage investment.
Key points
Reduces capital gains tax rate from 20% or 15% to 5% for qualified investments.
Applies to property purchased between January 1, 2021, and December 31, 2021.
Requires holding the property for more than 5 years to qualify for the lower rate.
Changes are effective for tax years beginning after December 31, 2021.
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Expired
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Additional Information
Print number: 117_HR_601
Sponsor: Rep. Schweikert, David [R-AZ-6]
Process start date: 2021-01-28
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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

Invest Now Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_601.

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 2021-01-28.

What are the main provisions?

Key points include:

  • Reduces capital gains tax rate from 20% or 15% to 5% for qualified investments.
  • Applies to property purchased between January 1, 2021, and December 31, 2021.
  • Requires holding the property for more than 5 years to qualify for the lower rate.
  • Changes are effective for tax years beginning after December 31, 2021.
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. Schweikert, David [R-AZ-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 2025-12-28.

CATEGORIES

Taxes Economy