S439119th CongressWALLET

Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

Sponsored By: Senator Ted Budd

Introduced

Summary

Creates a tax exclusion for gains on certain land sold to support the Department of Defense's Readiness and Environmental Protection Integration (REPI) program. It sets what counts as qualifying property and buyers and limits how pass-through entities can use the exclusion.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Tax break for REPI land sales

If enacted, you would be able to exclude gain from selling certain property interests to REPI-qualified organizations. Qualifying interests include your whole interest, a remainder interest, or a permanent use restriction created under state law. Keeping mineral rights would not by itself stop the exclusion if access is not by surface mining. The change would apply to tax years beginning after the law is enacted. Many sellers could avoid thousands in tax on a qualifying sale.

Three-year limit for pass-through sales

If enacted, a pass-through entity could not use the exclusion if it bought the qualified property by sale within three years. Partnerships are exempt when substantially all interests are held by an individual and that individual's family. Similar family rules would apply to S corporations and other pass-throughs unless the Treasury Secretary provides otherwise. This starts for tax years beginning after the law is enacted.

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Sponsors & CoSponsors

Sponsor

Ted Budd

NC • R

Cosponsors

  • Timothy Kaine

    VA • D

    Sponsored 2/6/2025

  • Thomas Tillis

    NC • R

    Sponsored 4/29/2025

  • Raphael Warnock

    GA • D

    Sponsored 6/18/2025

  • Jon Ossoff

    GA • D

    Sponsored 12/18/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov

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