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.

S. 930 is a federal bill in the 119th Congress. Before this bill, when you sell farmland for a profit, you generally have to pay federal capital gains tax on that profit in the year you make the sale. Under this bill, if you sell qualified farmland to someone actively farming and put that money into an… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.