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TREAS/IRS RIN: 1545-BR83 Publication ID: 2026 
Title: ●Election to pay tax in installments on the gain from the sale of qualified farmland to a qualified farmer 
Abstract:

These proposed regulations will implement new Internal Revenue Code section 1062, which was enacted by the One Big Beautiful Bill Act, Pub. L. No. 119-21, 139 Stat. 72 (July 4, 2025).

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Not subject to, not significant 
CFR Citation: 26 CFR 1.1062-1 (New)   
Legal Authority: 26 U.S.C. 1062    26 U.S.C. 7805    Pub. L. 119-21   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/00/2026 
Additional Information: REG-117095-25 Drafting attorney: Chi-Yun Lee, (202) 317-4896 Reviewing attorney: Christina Glendening, (240) 613-4646 Treasury attorney: Theron West Jr., (202) 622-5975 CC: ITA
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Chi-Yun Lee
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW,
Washington, DC 20224
Phone:202 317-7006
Fax:855 576-2339
Email: chi-yun.lee@irscounsel.treas.gov