Bill · H.R. 1083· House(119-HR-1083)

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

Age: 63 years

North Carolina

Introduced: 2/6/2025
Last activity: 2/6/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Gregory Murphy
Cosponsors: - 11 - 6

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the "Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025," aims to amend the Internal Revenue Code of 1986. It proposes to exclude certain gains from gross income when a taxpayer sells a qualified real property interest to a qualified organization for REPI purposes. These purposes are related to the Readiness and Environmental Protection Integration program administered by the Department of Defense. The bill defines what constitutes a qualified real property interest and a qualified organization. It also includes specific limitations regarding pass-through entities.

Yes· 3 of 7

Does this cut the tax on profits from selling investments?+5
The bill excludes gains from the sale of qualified real property interests from gross income for REPI purposes.
Would high-income households be better off under this?+4
The tax exclusion on property gains provides a financial benefit to those selling significant real property interests.
Would business owners be better off under this?+3
The bill provides tax relief for qualifying real property sales, although it includes limitations for certain pass-through entities.