S 930
A bill to amend the Internal Revenue Code of 1986 to exclude from gross income capital gains from the sale of certain farmland property which are reinvested in individual retirement plans.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:37 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to encourage farmland investment by allowing farmers to exclude capital gains from the sale of certain farmland when those gains are reinvested in individual retirement accounts (IRAs). Specifically, it creates a system where qualified farmers who sell farmland and contribute the proceeds to an IRA within 60 days can avoid paying capital gains taxes on a portion of the profit. However, if the farmland is sold or ceases to be used for farming within 10 years, a tax will be imposed equal to the amount excluded from income, plus interest.
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