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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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Status:
Expired
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Additional Information
Invest Now Act
Print number: HR 601
Sponsor: Rep. Schweikert, David [R-AZ-6]
Process start date: 2021-01-28
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Reduced Capital Gains Tax for 2021 Property Investments

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 601

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes Economy