RISE Act
Sponsored By: Representative Hill, J. French [R-AR-2]
Introduced
Summary
15 percent cap on the tax for adjusted net capital gains. This bill would set a single maximum tax rate of 15 percent for the portion of a taxpayer's adjusted net capital gains that exceeds the threshold used in the current rate computation.
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- Taxpayers with adjusted net capital gains: Individuals and entities that realize adjusted net capital gains would be subject to a single maximum rate on those gains rather than a potentially higher rate in current law.
- Changes to the tax code text: The bill would amend Internal Revenue Code section 1(h)(1) by striking subparagraph (D), redesignating existing subparagraphs (E) and (F) as (D) and (E), and rewriting subparagraph (C) to specify the 15 percent computation.
- Scope and limits: The statutory change applies to taxable years beginning after the date of enactment and contains no additional programs, funding, sunset, phase-in, or eligibility rules beyond the rate and code edits described.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
15% cap on capital gains for investors
This bill would cap the tax rate on certain capital gains at 15%. The 15% would apply to the smaller of your adjusted net capital gain or your taxable income. It would only apply to the portion above a base amount set in the tax code. If 15% is lower than your current rate on that part, you could owe less tax. It would start for tax years that begin after the date this bill becomes law.
Sponsors & CoSponsors
Sponsor
Hill, J. French [R-AR-2]
AR • R
Cosponsors
Rep. Steube, W. Gregory [R-FL-17]
FL • R
Sponsored 6/24/2025
Haridopolos
FL • R
Sponsored 6/25/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 6/25/2025
Simpson
ID • R
Sponsored 6/25/2025
Rep. Palmer, Gary J. [R-AL-6]
AL • R
Sponsored 7/21/2025
Roll Call Votes
No roll call votes available for this bill.
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