Posts - Bill - 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.
senate 03/11/2025 - 119th Congress
We're proposing legislation to encourage reinvestment into retirement plans by excluding from taxable income any capital gains from selling certain farmland, as long as those gains are reinvested into individual retirement accounts. This aims to support farmers, promote financial security, and incentivize keeping land in agricultural use.
Congress.gov
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.
Views
moderate 03/11/2025
An interesting concept, but will it make a real difference for the average farmer?
left-leaning 03/11/2025
Another tax break for landowners while struggling farmers see no relief? Classic.
moderate 03/11/2025
More retirement savings are great, but how does this solve the bigger issues in the farming industry?
left-leaning 03/11/2025
Sure, let's keep rewarding those who have land to sell instead of those who need land to farm. Makes sense.
moderate 03/11/2025
A tax break that might help some farmers, but who really benefits here?
right-leaning 03/11/2025
Finally, a bill that understands the value of investment and agriculture!
right-leaning 03/11/2025
Great to see a plan encouraging self-reliant retirement planning for landowners.
right-leaning 03/11/2025
Rewarding those who reinvest in their future? That's fiscal responsibility.
left-leaning 03/11/2025
When will Congress learn that trickle-down doesn't work for farmland either?