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Tax Exemption for Land Sales to Defense and Environmental Programs

This new law exempts from income tax gains from selling real estate to the Department of Defense's REPI program. This aims to encourage landowners to cooperate in environmental protection and military readiness, potentially affecting land availability around military bases.
Key points
No income tax on gains from selling land for the REPI (Readiness and Environmental Protection Integration) program.
Applies to sales of entire properties, remainder interests, or perpetual use restrictions.
Exemption does not apply if the property was acquired by the seller within 3 years, unless it's a family partnership.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_439
Sponsor: Sen. Budd, Ted [R-NC]
Process start date: 2025-02-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_439.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-06.

What are the main provisions?

Key points include:

  • No income tax on gains from selling land for the REPI (Readiness and Environmental Protection Integration) program.
  • Applies to sales of entire properties, remainder interests, or perpetual use restrictions.
  • Exemption does not apply if the property was acquired by the seller within 3 years, unless it's a family partnership.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Budd, Ted [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Real Estate Environment