HR7687 U.S. House: No Tax on Takings Act

Introduced

H. R. 7687

Introduced in House · March 13, 2026

February 25, 2026

Mr. Cline (for himself, Mr. Fleischmann, Mr. Perry, Mr. Moore of Alabama, and Mr. Ogles) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain.

Gain from conversion of property by reason of eminent domain

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “No Tax on Takings Act”.

Introduced

H. R. 7687

Introduced in House · March 13, 2026

February 25, 2026

Mr. Cline (for himself, Mr. Fleischmann, Mr. Perry, Mr. Moore of Alabama, and Mr. Ogles) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain.

Gain from conversion of property by reason of eminent domain

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “No Tax on Takings Act”.

Introduced

H. R. 7687

Introduced in House · March 13, 2026

February 25, 2026

Mr. Cline (for himself, Mr. Fleischmann, Mr. Perry, Mr. Moore of Alabama, and Mr. Ogles) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain.

Gain from conversion of property by reason of eminent domain

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “No Tax on Takings Act”.

Introduced

H. R. 7687

Introduced in House · March 13, 2026

February 25, 2026

Mr. Cline (for himself, Mr. Fleischmann, Mr. Perry, Mr. Moore of Alabama, and Mr. Ogles) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain.

Gain from conversion of property by reason of eminent domain

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “No Tax on Takings Act”.

H.R.7687

H. R. 7687

H.R.7687

H. R. 7687

H.R.7687

H. R. 7687

H.R.7687

H. R. 7687