HR 8591
No Capital Gains Tax on Family Farms Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:02 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the No Capital Gains Tax on Family Farms Act, aims to exempt gains from the sale of certain farmland to qualified family members. It establishes criteria for ‘qualified farm property’ and ‘qualified family members,’ allowing taxpayers to exclude the profit from the sale if the property was used as a farm for at least two years within the preceding eight years. The bill also includes provisions to determine the basis of the property transferred and to potentially increase the basis of the property held for a decade following the sale.
Sponsors
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Primary sponsor
Cosponsors
Julie [R-ND-At Large] Fedorchak
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