119th Congress Taxation
S. 439: Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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
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- 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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Timothy Kaine D-VAOriginal
- Thom Tillis R-NC
- Raphael Warnock D-GA
- Jon Ossoff D-GA
- Jim Banks R-IN
Who scored on this bill
- 1Ted Budd SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Ted Budd
History
- Introduced in the Senate by Ted Budd.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.