Sec. 30541. Increase in capital gains rate

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Section 1(h)(1)(D) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 24.2 percent . Section 55(b)(3)(D) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 24.2 percent . The following provisions are each amended by striking 20 percent and inserting 20.4 percent : Section 531 of the Internal Revenue Code of 1986. Section 541 of the Internal Revenue Code of 1986. Section 1445(e)(1) of the Internal Revenue Code of 1986.

Section 1445(e)(6) of the Internal Revenue Code of 1986. The second sentence of section 7518(g)(6)(A) of the Internal Revenue Code of 1986. Section 53511(f)(2) of title 46, United States Code. Except as otherwise provided, the amendments made by this section shall apply to taxable years beginning after December 31, 2019. The amendments made by paragraphs

(3)and

(4)of subsection

(c)shall apply to amounts paid on or after January 1, 2019.