Section 1 Short title
This Act may be cited as the “Invest in America Act of 2015”.
Invest in America Act of 2015
A BILL
To amend the Internal Revenue Code of 1986 to make the maximum capital gains rate for individuals 15 percent.
Sec. 2 15 percent maximum capital gains rate
In general— Section 1(h) of the Internal Revenue Code of 1986 is amended by striking subparagraphs (C) and (D), by redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively, and by inserting after subparagraph (B) the following new subparagraph:
“(C) 15 percent of the adjusted net capital gain (or, if less, taxable income) in excess of the amount on which a tax is determined under subparagraph (B),”
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2014.