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.