S. 439 proposes changes to the Internal Revenue Code to exclude certain gains from taxes. Specifically, it allows people to avoid counting profits from selling certain types of property used in a Department of Defense program, known as REPI, as income. This would only apply to sales intended...
Simple Explanation
This bill wants to stop taxes from being paid when people sell special land that helps protect nature and support the military's work, making sure that people follow certain rules to get this benefit.