# 119-s-930: A bill to amend the Internal Revenue Code of 1986 to exclude from gross income capital gains from the sale of certain farmland property which are reinvested in individual retirement plans.

119-s-930, A bill to amend the Internal Revenue Code of 1986 to exclude from gross income capital gains from the sale of certain farmland property which are reinvested in individual retirement plans., is a 119th Congress bill sponsored by Sen. McConnell, Mitch [R-KY] (R-KY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-930
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-930
- Congress: 119
- Title: A bill to amend the Internal Revenue Code of 1986 to exclude from gross income capital gains from the sale of certain farmland property which are reinvested in individual retirement plans.
- Status: introduced
- Introduced: 2025-03-11
- Sponsor: Sen. McConnell, Mitch [R-KY] (R-KY)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a way to shelter capital gains from the sale of family farmland by letting sellers lock those gains into retirement accounts.** The bill would let a taxpayer exclude from gross income the portion of gain from selling qualifying farmland to a designated active farmer that is no more than what the seller contributes to an individual retirement plan during a 60-day window around the sale.

## Cosponsors (4)

- Sen. Justice, James C. [R-WV] (R-WV), 2025-06-03T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2025-06-03T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-06-03T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2025-07-15T00:00:00.000Z

## Provisions PRIA read

- Lower taxes when farmers sell land: benefit, high. If enacted, the bill would let a seller exclude from gross income the part of a capital gain from selling qualified farmland to a qualified farmer that is no more than the dollars the seller puts into an IRA during the 60-day period starting on the sale. You would have to make an election and file…
- Recapture tax and IRA rule for farms: cost, high. If enacted, the bill would make the qualified farmer personally pay extra tax if they sell or stop using the land as a farm within 10 years. The extra tax equals the amount that was excluded times the highest capital gain tax rate plus the rate under section 1411, plus interest at the underpayment…

## Related bills

- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-401: Fair Access to Banking Act
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-587: Death Tax Repeal Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025

## Sources
- [119-s-930 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/930)

## Related
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-587: Death Tax Repeal Act of 2025](https://policyrisk.com/legislation/119-s-587)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-930 (as of 2026-04-21).