Section 1 Short title
This Act may be cited as the “Revitalizing Investment, Savings, and Entrepreneurship Act” or the “RISE Act”.
Revitalizing Investment, Savings, and Entrepreneurship Act
A BILL
To amend the Internal Revenue Code of 1986 to provide that the rate of tax on adjusted net capital gain does not exceed 15 percent.
Sec. 2 Rate of tax on adjusted net capital gain not to exceed 15 percent
by striking subparagraph (D) and redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively, and
by amending subparagraph (C) to read as follows:
“(C) 15 percent of so much of the adjusted net capital gain (or, if less, taxable income) as exceeds 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 the date of the enactment of this Act.