No Capital Gains Tax on Family Farms Act

Hozzl · 2026-05-13T08:06:01Z

Explore the details of House Bill 8591 No Capital Gains Tax on Family Farms Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

5/13/2026, 8:06 AM

Summary of Bill HR 8591

The bill titled "To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of gain from the sale of qualified farm property to qualified family members" was introduced in the 119th Congress on April 30, 2026, as H.R. 8591.

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Current Status of Bill HR 8591

Bill HR 8591 is currently in the status of Bill Introduced since April 30, 2026. Bill HR 8591 was introduced during Congress 119 and was introduced to the House on April 30, 2026. Bill HR 8591's most recent activity was Referred to the House Committee on Ways and Means. as of April 30, 2026

Bipartisan Support of Bill HR 8591

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 8591

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8591

To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of gain from the sale of qualified farm property to qualified family members.