Bill would exempt REPI land sales from federal income tax
In committeeH.R. 1083Latest action
Sponsor: Gregory F. Murphy · Representative · NC
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Official title: Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Landowners who sell certain property rights near military bases under the REPI program would owe no federal income tax on the profit.
40-second read · 4 questions answered below
What does this do?
This bill removes federal income tax on profits when landowners sell certain property rights through the military's REPI program. The tax break covers full ownership, remainder interests, and permanent land-use restrictions. It still applies if the seller keeps mineral rights, as long as those minerals are not extracted through surface mining.
Who does it affect?
Individual landowners near military bases who sell to the REPI program would qualify. Business entities like partnerships or corporations generally must have owned the property for at least three years before the sale to qualify, with an exception for family-owned businesses.
Why does it matter?
Without this change, sellers in REPI transactions would owe federal income tax on any profit from the sale. The bill changes that outcome specifically for qualifying REPI sales.
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Where does it stand?
- IntroducedFeb 6, 2025
- House committeeYou are here · Feb 6, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Ways and Means.