Bill > HR4102

This bill, known as the "Revitalizing Investment, Savings, and Entrepreneurship Act" or the "RISE Act", proposes to amend the Internal Revenue Code of 1986 to cap the tax rate on adjusted net capital gain at 15 percent. Specifically, the bill modifies Section 1(h)(1) of the tax code by removing an existing subparagraph (D) and restructuring the remaining subparagraphs, and then amending subparagraph (C) to establish a flat 15 percent tax rate on adjusted net capital gain (or taxable income, whichever is lower) above a certain threshold. Capital gains tax is the tax levied on profits from the sale of investments or assets, and this bill aims to reduce the tax burden on such gains by ensuring that the maximum tax rate does not exceed 15 percent. The changes proposed by the bill would apply to all taxable years beginning after the date of the bill's enactment, which means it would impact future tax filings.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/4102/all-info