Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025
Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025
Plain Language Summary
# Summary of HR 1083: Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025 **What the Bill Would Do** This bill would provide a federal tax break for people or organizations that sell land to the government or state/local entities through the REPI Program (Readiness and Environmental Protection Integration Program). Specifically, sellers would not have to pay federal income taxes on the profits they make from these land sales, with some limitations. **Who It Affects and Key Details** The bill primarily affects property owners and organizations near military bases who sell land through the REPI Program—a federal initiative that helps coordinate land purchases and environmental protection around military installations. The program involves partnerships between the military, federal agencies, state and local governments, and private organizations.
By exempting these land sale profits from federal taxes, the bill aims to incentivize more property owners to participate, making it easier and more attractive for the military to acquire land and manage environmental issues around their bases. **Current Status** The bill (HR 1083) was introduced by Rep. Gregory Murphy (R-NC) in the 119th Congress and is currently in committee, meaning it hasn't yet been debated or voted on by the full House of Representatives.
CRS Official 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) toa 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; orcertain 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.
Latest Action
Referred to the House Committee on Ways and Means.