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No Tax on Takings Act
3/17/2026, 6:20 PM
Summary of Bill HR 7687
The bill titled "To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain" was introduced in the 119th Congress as H.R. 7687 on February 25, 2026. The purpose of the bill is to specifically exclude from gross income any gain resulting from the conversion of property due to eminent domain.
Read the Full Bill
Current Status of Bill HR 7687
Bill HR 7687 is currently in the status of Bill Introduced since February 25, 2026. Bill HR 7687 was introduced during Congress 119 and was introduced to the House on February 25, 2026. Bill HR 7687's most recent activity was Referred to the House Committee on Ways and Means. as of February 25, 2026
Bipartisan Support of Bill HR 7687
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
9Democrat Cosponsors
0Republican Cosponsors
9Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7687
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 7687
To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain.
To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain.
Comments
Sponsors and Cosponsors of HR 7687
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