Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025
Introduced Feb 6, 2025 by Rep. Gregory F. Murphy
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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;
Read the full summary on Congress.govSummary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.