,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gghg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #bd1 #bjbj,mr4  
,s*weik]t 7= himself & ,mr4 ,nunes7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide a r$uc$ capital
 ga9s rate on c]ta9 prop]ty acquir$ 9   
#bjbj4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,inve/ ,n[ ,act4  #b4 ,r$uc$  
capital ga9s rate on c]ta9 prop]ty      
acquir$ 9 #bjbj  7a7 ,9 g5]al ,section  
#a7;h7 ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#ab7 ,r$uc$ rate =     
c]ta9 prop]ty acquir$ 9 #bjbj  7,a7 ,9  
g5]al ,s mu* ( ! adju/$ net capital ga9 
tax$ at a rate ( #bj p]c5t "u p>agraph  
7#a7 7det]m9$ )\t reg>d to ?is p>agraph7
 to ! ext5t attributable to ! sale or   
ex*ange ( qualifi$ prop]ty %all be tax$ 
at a rate ( #e p]c5t "u su* p>agraph 7& 
n #bj p]c5t74  7,b7 ,coord9ation ) #ae  
p]c5t rate ,s mu* ( ! adju/$ net capital

 ga9 tax$ at a rate ( #ae p]c5t or #bj  
p]c5t "u p>agraph 7#a7 7det]m9$ )\t     
reg>d to ?is p>agraph7 to ! ext5t       
attributable to ! sale or ex*ange (     
qualifi$ prop]ty 7r$uc$ by s mu* ( su*  
ga9 z is tax$ at ! rate det]m9$ "u      
clause 7i77 %all be tax$ at a rate ( #e 
p]c5t 7& n #ae p]c5t74  7,c7 ,qualifi$  
prop]ty ,= purposes ( ?is p>agraph-- 7i7
 ,9 g5]al ,! t]m qualifi$ prop]ty means 
any prop]ty-- 7,i7 pur*as$ 7z def9$ 9   
section #agi7;d77#b77 by ! taxpay] aft] 
,decemb] #ca1 #bjai1 & be=e ,janu>y #a1 
#bjba1 &  7,,ii7 held by ! taxpay] 7z   
det]m9$ "u section #abbc7 = a p]iod ( m 
?an #e ye>s4  7ii7 ,exception = wa%     
sales ,su* t]m %all n include any       
prop]ty ! basis ( :i* is det]m9$ "u     
section #ajia7;d74  4  7b7 ,effective   
date ,! am5dm5t made by ?is section %all
 apply to taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjbj4