# 119-hr-7687: No Tax on Takings Act

119-hr-7687, No Tax on Takings Act, is a 119th Congress bill sponsored by Rep. Cline, Ben [R-VA-6] (R-VA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7687
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7687
- Congress: 119
- Title: No Tax on Takings Act
- Status: introduced
- Introduced: 2026-02-25
- Sponsor: Rep. Cline, Ben [R-VA-6] (R-VA)
- Cosponsors: 10
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Excludes gains from eminent-domain takings from gross income.** This bill would add section 139M to the tax code to exclude gains from converting U.S. real property by reason of eminent domain, supersede section 1033 for those conversions, let taxpayers elect not to use the exclusion for a given conversion, direct the Secretary to issue regulations, and apply to conversions in taxable years ending after enactment.

## Cosponsors (10)

- Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] (R-TN), 2026-02-25T00:00:00.000Z
- Rep. Perry, Scott [R-PA-10] (R-PA), 2026-02-25T00:00:00.000Z
- Rep. Moore, Barry [R-AL-1] (R-AL), 2026-02-25T00:00:00.000Z
- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2026-02-25T00:00:00.000Z
- Rep. Goldman, Craig A. [R-TX-12] (R-TX), 2026-03-04T00:00:00.000Z
- Rep. Biggs, Sheri [R-SC-3] (R-SC), 2026-04-06T00:00:00.000Z
- Rep. Hurd, Jeff [R-CO-3] (R-CO), 2026-04-06T00:00:00.000Z
- Rep. Mann, Tracey [R-KS-1] (R-KS), 2026-04-15T00:00:00.000Z
- Rep. Rulli, Michael A. [R-OH-6] (R-OH), 2026-07-14T00:00:00.000Z
- Rep. Comer, James [R-KY-1] (R-KY), 2026-09-02T00:00:00.000Z

## Provisions PRIA read

- Lower taxes for property owners after takings: benefit, high. If enacted, you would be able to exclude from gross income any gain when U.S. property you own is taken by eminent domain. This includes sales or exchanges made under threat or imminence of a taking. The bill would say the usual involuntary-conversion rules in section 1033 do not apply to these con…

## Related bills

- 119-hr-404: Hearing Protection Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-703: Main Street Tax Certainty Act
- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hr-1181: Protecting Privacy in Purchases Act

## Sources
- [119-hr-7687 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7687)

## Related
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hr-1181: Protecting Privacy in Purchases Act](https://policyrisk.com/legislation/119-hr-1181)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7687 (as of 2026-09-21).