Search Results for keywords:"mineral interests"

Search Results: keywords:"mineral interests"

S. 4444 — To take certain mineral interests into trust for the benefit of the Crow Tribe of Montana, and for other purposes.
June 03, 2024
Status:Introduced in Senate
Congress:118
Words:1,296
The bill S. 4444, also known as the “Crow Revenue Act,” seeks to transfer certain mineral interests into trust for the Crow Tribe of Montana. Specifically, it involves conveying mineral interests from the Hope Family Trust to the Tribe and transferring certain United...
Simple Explanation
The bill is like a special trading game where some underground treasure, like minerals, are being moved to help the Crow Tribe in Montana. These treasures will be looked after by the United States, but the Crow Tribe won't have to pay certain taxes on them.
S. 5409 — To amend the Internal Revenue Code of 1986 to exclude from gross income gain from the sale of qualified real property interests acquired under the authority of the Readiness and Environmental Protection Integration (REPI) program administered by the Department of Defense pursuant to section 2684a of title 10, United States Code, and for other purposes.
December 03, 2024
Status:Introduced in Senate
Congress:118
Words:935
The bill S. 5409 aims to amend the Internal Revenue Code to exclude from taxable income any profits gained from selling certain types of real estate under the Readiness and Environmental Protection Integration (REPI) program managed by the Department of Defense. The REPI...
Simple Explanation
The bill wants to let people who sell certain types of land for a special military program keep all the money they make from the sale without paying taxes on it. It's about helping the military and the environment, but some of the rules are a bit tricky and hard to understand.

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