No Tax on Takings Act

House Bill

H.R. 7687

119th Congress

No Tax on Takings Act

In Committee

Introduced:Feb 25, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would change the tax code so that property owners don't have to pay federal income taxes on profits they make when the government takes their property through eminent domain. Currently, if someone receives more money than they originally paid for their property in an eminent domain case, that profit is taxable as income.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced2/25/2026

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

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Vote Prediction

No Tax on Takings Act

This bill would change the tax code so that property owners don't have to pay federal income taxes on profits they make when the government takes their property through eminent domain. Currently, if someone receives more money than they originally paid for the

Community Breakdown

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This bill would change the tax code so that property owners don't have to pay federal income taxes on profits they make when the government takes their property through eminent domain. Currently, if someone receives more money than they originally paid for their property in an eminent domain case, that profit is taxable as income.

Bill Number: 7687
Introduced: 2/25/2026
Status: Referred to the House Committee on Ways and Means.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: No Tax on Takings Act
Bill Number: 7687
Sponsor: No sponsor
Status: Referred to the House Committee on Ways and Means.
Introduced: 2/25/2026
Summary: This bill would change the tax code so that property owners don't have to pay federal income taxes on profits they make when the government takes their property through eminent domain. Currently, if someone receives more money than they originally paid for their property in an eminent domain case, t

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change the tax code so that property owners don't have to pay federal income taxes on profits they make when the government takes their property through eminent domain. Currently, if someone receives more money than they originally paid for their property in an eminent domain case, that profit is taxable as income.

Last updated: 2/28/2026

Key Points

Main provisions of the bill

The bill would eliminate federal income taxes on gains from property taken by the government through eminent domain.
Eminent domain is when the government legally forces a property owner to sell their land or building for public use, such as for roads or schools.
Property owners would not owe taxes on the difference between what they originally paid for the property and what the government pays them.
The bill has been sent to the House Committee on Ways and Means, which handles tax legislation.

How This Impacts Americans

Potential effects on citizens and communities

This bill would affect property owners whose land or buildings are taken by the government for public projects. These owners would keep more of the compensation they receive because they wouldn't owe federal income taxes on any profit from the forced sale. This could particularly benefit people in areas where property values have increased significantly since they purchased their property.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7687, 119th Congress (2026). "No Tax on Takings Act". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7687

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