# 119-hr-8591: No Capital Gains Tax on Family Farms Act

119-hr-8591, No Capital Gains Tax on Family Farms Act, is a 119th Congress bill sponsored by Rep. Massie, Thomas [R-KY-4] (R-KY); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8591
- 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-8591
- Congress: 119
- Title: No Capital Gains Tax on Family Farms Act
- Status: introduced
- Introduced: 2026-04-30
- Sponsor: Rep. Massie, Thomas [R-KY-4] (R-KY)
- Cosponsors: 11
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Excludes capital gains on qualifying farm transfers to family members.** This bill would create a new Section 121A to let sellers exclude all or part of the gain when they sell or exchange qualified farm property to a qualified family member, subject to definitions, basis rules, holding-period tests, and elections. - Farmers and families: Farm owners could transfer land and other qualified farm property to spouses, parents, children, adopted relatives, or their spouses without recognizing capital gains at the time of sale, making it easier to keep farms in the family. - Recipients and basis rules: Recipients generally take the seller's basis instead of a stepped-up basis. If the family member retains the property for 10 years without certain dispositions, the bill triggers a one-time upward basis adjustment to reflect the sale date fair market value. - Eligibility and administration: Property must have been owned and used for farming for at least 2 years within an 8-year lookback. The bill includes an election to opt out and gives the Treasury Secretary authority to issue implementing regulations.

## Cosponsors (11)

- Rep. Perez, Marie Gluesenkamp [D-WA-3] (D-WA), 2026-04-30T00:00:00.000Z
- Rep. Roy, Chip [R-TX-21] (R-TX), 2026-04-30T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2026-04-30T00:00:00.000Z
- Rep. Burchett, Tim [R-TN-2] (R-TN), 2026-04-30T00:00:00.000Z
- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2026-04-30T00:00:00.000Z
- Rep. Mace, Nancy [R-SC-1] (R-SC), 2026-04-30T00:00:00.000Z
- Rep. Edwards, Chuck [R-NC-11] (R-NC), 2026-04-30T00:00:00.000Z
- Rep. Burlison, Eric [R-MO-7] (R-MO), 2026-04-30T00:00:00.000Z
- Rep. Collins, Mike [R-GA-10] (R-GA), 2026-04-30T00:00:00.000Z
- Rep. Fedorchak, Julie [R-ND-At Large] (R-ND), 2026-04-30T00:00:00.000Z
- Rep. Perry, Scott [R-PA-10] (R-PA), 2026-05-12T00:00:00.000Z

## Provisions PRIA read

- No Capital Gains Tax for Family Farms: benefit, high. If enacted, this bill would let you exclude from gross income any gain when you sell or exchange U.S. farm real property to a qualifying family member. The land or farm interest must have been owned and used as a farm for at least 2 years during the 8 years before the sale. A qualifying family memb…

## Related bills

- 119-hr-1301: Death Tax Repeal Act
- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hjres-12: Proposing an amendment to the Constitution of the United States to limit the number of terms that a Member of Congress may serve.
- 119-hr-925: Dismantle DEI Act of 2025
- 119-hr-569: Birthright Citizenship Act of 2025
- 119-hr-24: Federal Reserve Transparency Act of 2025

## Sources
- [119-hr-8591 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8591)

## Related
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hjres-12: Proposing an amendment to the Constitution of the United States to limit the nu…](https://policyrisk.com/legislation/119-hjres-12)
- [119-hr-925: Dismantle DEI Act of 2025](https://policyrisk.com/legislation/119-hr-925)
- [119-hr-569: Birthright Citizenship Act of 2025](https://policyrisk.com/legislation/119-hr-569)
- [119-hr-24: Federal Reserve Transparency Act of 2025](https://policyrisk.com/legislation/119-hr-24)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8591 (as of 2026-09-21).