Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

Summary

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025  This bill excludes the gain from the sale of a qualified real property interest under the Readiness and Environmental Protection Integration (REPI) Program from gross income for federal tax purposes. (Some limitations apply.) As background, the REPI Program supports cost-sharing agreements between the Armed Forces, other federal agencies, state and local governments, and certain private organizations to address land use near military installations, address environmental restrictions that limit military activities, and increase military installation resilience. Under the bill, the exclusion from gross income applies to gain from the sale of a real property interest (pursuant to an agreement under the REPI Program) to a state or U.S. possession (or a political subdivision of a state or U.S. possession) or the District of Columbia; the United States; certain corporations, trusts, community chest, funds, or foundations; or certain charitable organizations. Further, under the bill, the real property interest that is sold may be (1) the entire interest in the real property, (2) a remainder interest in the real property, or (3) a restriction on the use of the real property (e.g., easement) that is granted in perpetuity and created under state law. However, the bill limits such exclusion from gross income for a partnership or other pass-through entity (other than a family partnership or family pass-through entity) to gain from the sale of a real property interest that is held for at least three years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 February 2025

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 6 February 2025

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in Senate

  Introduced in Senate · EN · 6 February 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 6 February 2025

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Budd, Ted [R-NC] · R · Sponsor
• Sen. Kaine, Tim [D-VA] · D · Sponsor
• Sen. Tillis, Thomas [R-NC] · R · Cosponsor
• Sen. Warnock, Raphael G. [D-GA] · D · Cosponsor
• Sen. Ossoff, Jon [D-GA] · D · Cosponsor
• Sen. Banks, Jim [R-IN] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025