H.R. 4102: Revitalizing Investment, Savings, and Entrepreneurship Act

The bill titled the **Revitalizing Investment, Savings, and Entrepreneurship Act (RISE Act)** proposes changes to the tax rate on adjusted net capital gains. Here are the main points of what the bill would do:

Changes to Tax Rate on Capital Gains

The bill aims to amend the Internal Revenue Code of 1986 to set a maximum tax rate of **15 percent** on adjusted net capital gains. Capital gains are essentially the profits made from selling assets or investments, such as stocks or real estate, at a higher price than the purchase price. Under the proposed changes:

• The current provisions that set different rates based on income levels would be altered.
• The maximum rate applied to adjusted net capital gains would be limited to **15 percent**, making it more predictable for investors.

Effective Date

The new tax rate would take effect for taxable years beginning after the date the bill is enacted into law. This means that once passed, taxpayers would apply the new rate to their capital gains in the following tax year.

Objective of the Bill

The primary goal of the RISE Act is to encourage investment and entrepreneurship by lowering the tax burden on capital gains. By maintaining a lower tax rate, the bill aims to motivate individuals and businesses to invest, save, and promote economic growth through entrepreneurial activities.

Relevant Companies

None found