Congressional Research Service: '1% Excise Tax on Stock Repurchases'
January 26, 2023
January 26, 2023
WASHINGTON, Jan. 26 -- The Congressional Research Service issued the following report (No. R47397) on Jan. 25, 2023, entitled "The 1% Excise Tax on Stock Repurchases" by economic policy senior specialist Jane G. Gravelle:
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SUMMARY
The law commonly known as the Inflation Reduction Act of 2022 (P.L. 117-169) includes a 1% excise tax on stock repurchases by publicly traded corporations. Stock repurchases are a way to distribute income to shareho . . .
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SUMMARY
The law commonly known as the Inflation Reduction Act of 2022 (P.L. 117-169) includes a 1% excise tax on stock repurchases by publicly traded corporations. Stock repurchases are a way to distribute income to shareho . . .