To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax on the repurchase of corporate stock, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires modifications to tax on repurchase of corporate stock Section 4501(a) of the Internal Revenue Code of 1986 is amended by striking 1 percent and inserting 4 percent. It relies on definition changes, tax rate changes, compliance mandates, and exemptions. The main policy areas are Regulated Industries.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires modifications to tax on repurchase of corporate stock Section 4501(a) of the Internal Revenue Code of 1986 is amended by striking 1 percent and inserting 4 percent.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires modifications to tax on repurchase of corporate stock Section 4501(a) of the Internal Revenue Code of 1986 is amended by striking 1 percent and inserting 4 percent.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill requires modifications to tax on repurchase of corporate stock Section 4501(a) of the Internal Revenue Code of 1986 is amended by striking 1 percent and inserting 4 percent.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Brown (for himself, Mr. Wyden, Mr. Schatz, Mr. Van …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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