S. 930 · 119th Congress · 2025–2026
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.
S. 930 in the 119th Congress (2025–2026) was introduced on Mar 11, 2025, sponsored by Mitch McConnell with 4 co-sponsors.
During the 119th Congress (2025–2026), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Mar 11, 2025
- Co-sponsors
- 4
- Policy area
- Taxation
What it does
This bill excludes from gross income the gain from the sale or exchange of qualified farmland property to a qualified farmer that is contributed to an individual retirement account (IRA). This generally prevents the federal capital gains tax from being imposed on such gain.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Mitch McConnell (R-KY). Co-sponsors: 4 Republicans.
Where it stands
- IntroducedMar 11, 2025
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Mar 11, 2025)
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Other Taxation bills in the 119th Congress
- H.J.Res. 25: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the…
- H.R. 517: Filing Relief for Natural Disasters Act
- H.R. 998: Internal Revenue Service Math and Taxpayer Help Act
- H.R. 1491: Disaster Related Extension of Deadlines Act
- H.R. 5366: Federal Disaster Tax Relief Act of 2025
- S.J.Res. 3: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- H.R. 33: To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain…
- S. 213: Main Street Tax Certainty Act
- H.R. 247: Health Care Affordability Act of 2025
- H.R. 335: Repeal the NFA Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 930 (119th Congress): A bill to amend the Internal Revenue Code…,” https://www.capitolreceipts.com/bill/119-s-930/a-bill-to-amend-the-internal-revenue-code-of (accessed 2026-10-17).