H.R. 3275IntroducedHouse · nowSenatePresidentLawIn committeeSec. 6 · H.R. 3275
Increased excise tax on repurchase of corporate stock
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(a) In general Section 4501(a) of the Internal Revenue Code of 1986 is amended by striking 1 percent and inserting 1.5 percent. (b) Effective date The amendment made by this section shall apply to repurchases of stock after December 31, 2024.