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BillHR 8591 · 119

No Capital Gains Tax on Family Farms Act

Introduced
Apr 30, 2026
Cosponsors
11
Traction
0
Last Action
Apr 30, 2026

Bill Summary

Exempts family farms from paying capital gains tax when the farm is sold or transferred. This means family farms won't have to pay taxes on the increased value of their farm over time.

Sponsored By

Thomas Massie
Republican · Kentucky · House

Bill Journey

  1. Apr 30, 2026
  3. Apr 30, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects family farm owners, allowing them to keep more of their money when selling or transferring their farm, and potentially making it easier for them to pass the farm down to future generations.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
12backers
  • Democratic1
  • Republican11
Cross-party cosponsors1 · 9%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (11)

Show all 7 more

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeWays and Means Committee
IntroducedApr 30, 2026
Last UpdatedApr 30, 2026
Latest ActionReferred to the House Committee on Ways and Means.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.