H.R. 8591, the No Capital Gains Tax on Family Farms Act. The bill removes capital gains on the sale or exchange of a farm between family members…
Eliminate capital gains taxes on family farm transfers between family members.
Occurrences
the introduction of H.R. 8591, the No Capital Gains Tax on Family Farms Act. The bill removes capital gains on the sale or exchange of a farm between family members
The notorious “No Tax on Tips” provision of the OBBB was originally a Rep. Ron Paul / Rep. Thomas Massie provision. Originally titled the Tax Free Tips Act, the bill was first introduced by Rep. Ron Paul in 2011, and most recently by Rep. Thomas Massie in 2024.
announces the introduction of H.R. 8591, the No Capital Gains Tax on Family Farms Act
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of gain from the sale of qualified farm property to qualified family members.
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of gain from the sale of qualified farm property to qualified family members.
Evidence
“Representative Thomas Massie (R-KY) announces the introduction of H.R. 8591, the No Capital Gains Tax on Family Farms Act. The bill removes capital gains on the sale or exchange of a farm between family members...”
“Mr. Massie ... introduced the following bill; which was referred to the Committee on Ways and Means.” Full title: “To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income of gain from the sale of qualified farm property to qualified family members.”
The text creates “an exclusion from gross income of gain from the sale of qualified farm property to qualified family members,” and states that a qualifying family transfer would not incur capital gains tax.
Massie announced H.R. 8591, described as removing capital gains taxes on farm sales or exchanges between family members.
The bill was introduced by Mr. Massie and referred to the Committee on Ways and Means.
The bill would exclude gain from sale of qualified farm property to qualified family members from gross income.
The draft creates an exclusion for gain from qualified farm property sales to qualified family members.
Assessments
Massie introduced H.R. 8591, the No Capital Gains Tax on Family Farms Act, which directly targeted the promised capital-gains exclusion for family-farm transfers between family members. However, the evidence only shows introduction and referral to the House Ways and Means Committee, not enactment or implementation of the tax change. Under the instruction for serious but unsuccessful legislative attempts, this is not delivered, but it earns an effort badge.
Massie took concrete action aligned with the promise by introducing H.R. 8591, the No Capital Gains Tax on Family Farms Act, which would exclude capital gains from qualifying family-farm transfers between family members. The bill text directly matches the promised policy, and the official record shows it was introduced and referred to committee. However, the evidence shows legislative introduction only, not enactment into federal law, so the promised outcome has not been fully delivered. Because he materially advanced the proposal in his current term, partial credit is warranted with same-term timing.