Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025

[AI summary unavailable — showing source text] Incentivizing Readiness and Environmental Protection Integration Sales Act of 2025  This bill excludes the gain from the sale of a qualified real property interest under the Readiness and Environmental Protection Integration (REPI) Program from gross income for federal tax purposes. (Some limitations apply.) As background, the REPI Program supports cost-sharing agreements between the Armed Forces, other federal agencies, state and local governments, and certain private organizations to address land use near military installations, address environmental restrictions that limit military activities, and increase military installation resilience. Under the bill, the exclusion from gross income applies to gain from the sale of a real property interest (pursuant to an agreement under the REPI Program) to a state or U.S. possession (or a political subdivision of a state or U.S. possession) or the District of Columbia; the United States; certain corporations, trusts, community chest, funds, or foundations; or certain charitable organizations. Further, under the bill, the real property interest that is sold may be (1) the entire interest in the real property, (2) a remainder inter…