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HR 294 107th Congress House Taxation Agriculture and Food Capital gains tax Families Family farms Farm income Farm lands Income tax Land transfers Personal income tax Public Lands and Natural Resources Tax exclusion

Farmland Capital Gains Equity Act of 2001

Introduced: January 30, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2001
Referred to the House Committee on Ways and Means.
Jan 30, 2001
Sponsor introductory remarks on measure. (CR H79)
Jan 30, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Farmland Capital Gains Equity Act of 2001 - Amends the Internal Revenue Code to provide an exclusion from gross income of gain from the sale of qualified farm property similar to the exclusion of gain on the sale of a principal residence. Excludes from gross income up to $500,000 ($250,000 in the case of a married individual filing a separate return), reduced by the aggregate amount of gain excluded for all preceding taxable years.
What's happening now January 30, 2001

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Wilson, Joe
South Carolina · Sep 5, 2002
 R
Rogers, Harold
Kentucky · May 25, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 294: Farmland Capital Gains Equity Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-294/
MLA
"H.R. 294: Farmland Capital Gains Equity Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-294/.
Bluebook (legal)
H.R. 294, 107th Cong. (2026), https://openamerica.io/bill/107-HR-294/.
Markdown link
[H.R. 294: Farmland Capital Gains Equity Act of 2001](https://openamerica.io/bill/107-HR-294/)
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