Federal SB439 excludes from gross income gains from selling qualified real property interests acquired under the REPI program.

Federal SB439, the Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025, amends the Internal Revenue Code to exclude from gross income gains from selling qualified real property interests acquired under the Readiness and Environmental Protection Integration (REPI) program. This applies to sales to qualified organizations for REPI purposes. The bill defines "qualified real property interest" and includes exceptions for family partnerships and pass-through entities. The amendments apply to taxable years beginning after the enactment of this Act.

Federal SB439 excludes from gross income gains from selling qualified real property interests acquired under the REPI program.

Federal SB439, the Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025, amends the Internal Revenue Code to exclude from gross income gains from selling qualified real property interests acquired under the Readiness and Environmental Protection Integration (REPI) program. This applies to sales to qualified organizations for REPI purposes. The bill defines "qualified real property interest" and includes exceptions for family partnerships and pass-through entities. The amendments apply to taxable years beginning after the enactment of this Act.