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HR 1083119th CongressIn Committee
Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025
Introduced: Feb 6, 2025
Sponsor: Rep. Murphy, Gregory F. [R-NC-3] (R-North Carolina)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Incentivizing Readiness and Environmental Protection Integration Sales Act (H.R.1083) amends the Internal Revenue Code to exclude gains from the sale of qualified real‑property interests acquired under the Department of Defense’s REPI program. The amendment defines qualified interests, limits exclusions for pass‑through entities, and sets an effective date for taxable years beginning after 2024.
Key Points
- 1Excludes gain from sale of qualified real‑property interests for REPI purposes.
- 2Defines qualified interests and qualified organizations.
- 3Limits exclusions for pass‑through entities and family partnerships.
- 4Effective for taxable years beginning after December 31 2024.
Impact Areas
Defense contractors and real‑property owners in REPI projectsTaxpayers and tax professionals handling REPI salesSmall businesses involved in REPI acquisitions
Generated by openai/gpt-oss-20b:free on Nov 19, 2025