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H.R. 7687

U.S. House•In House Committee

Summary

H.R. 7687, the No Tax on Takings Act, was introduced in the House on Feb 25, 2026 by Rep. Ben Cline (R) with 10 co-sponsors. It was referred to Ways And Means, and last saw action on Feb 25, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 7687 has 10 co-sponsors.

hb7687/introduced-in-house.txt
119 HR 7687 IH: No Tax on Takings Act
 U.S. House of Representatives
 2026-02-25
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7687  IN THE HOUSE OF REPRESENTATIVES   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.
1.
Short title
This Act may be cited as the   No Tax on Takings Act  .
2.
Exclusion from gross income for gain from conversion of property by reason of eminent domain
(a)
In general
Part III of subchapter B of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after section 139L the following new section:
139M.
Gain from conversion of property by reason of eminent domain
(a)
In general
Gross income shall not include gain from the conversion of property located in the United States by reason of the exercise of eminent domain (including the sale or exchange of such property under threat or imminence of such exercise).
(b)
Coordination with rule for involuntary conversions
Section 1033 shall not apply to any conversion to which this section applies.
(c)
Election not To claim exclusion
This section shall not apply to any conversion if the taxpayer elects (at such time and in such manner as the Secretary may provide) to have this section not apply to such conversion.
(d)
Regulations
The Secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section.
 .
(b)
Clerical amendment
The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139L the following new item:
Sec. 139M. Gain from conversion of real property by reason of eminent domain.
  .
(c)
Effective date
The amendments made by this section shall apply to conversions in taxable years ending after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-02-25
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

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

Sponsors

Rep. Ben Cline (R) sponsors H.R. 7687, and 10 members have co-sponsored it, 4 of them from the day it was introduced.

Committees

H.R. 7687 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 25, 2026 · 1,160 Bills

Actions

H.R. 7687 has taken 2 actions since Feb 25, 2026.

ChamberAction
Feb 25, 2026
House
Introduced in House
Feb 25, 2026
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 7687 has not gone to a roll call.

Titles

H.R. 7687 goes by 3 titles, 1 of them short titles.

  • No Tax on Takings Act — Display Title
  • No Tax on Takings Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the conversion of property by reason of eminent domain. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 1 registered lobbyist who named H.R. 7687 in 1 quarterly filing, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Budget/Appropriations, Clean Air and Water (quality), Copyright/Patent/Trademark, Energy/Nuclear, Government Issues, Health Issues, Housing, Labor Issues/Antitrust/Workplace.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
CONSERVATIVES FOR PROPERTY RIGHTSCoalitionSouth Carolina11$25K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
ELITE STRATEGIC SERVICES11$25K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JAMES EDWARDS111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CONSERVATIVES FOR PROPERTY RIGHTSELITE STRATEGIC SERVICES2026 first_quarter$25K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 7687 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7687’s is Taxation.

hr7687/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7687, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 37 (Wednesday, February 25, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CLINE:H.R. 7687.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2329]

Source: congress.gov · legiscan.com