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Referenced Laws
Section 1(h)(1)
Section 1
1. Short title This Act may be cited as the Revitalizing Investment, Savings, and Entrepreneurship Act or the RISE Act.
Section 2
2. Rate of tax on adjusted net capital gain not to exceed 15 percent Section 1(h)(1) of the Internal Revenue Code of 1986 is amended— 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: 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), The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. (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),.