118th Congress · HOUSE BILLBILL

H.R. 515 — Protecting American Savers and Retirees Act

“To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.”

Taxation

Introduced Jan 25, 2023

Last action Jan 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 25, 2023

Step 2

Referred

Jan 25, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 25, 2023

Introduced in House

Jan 25, 2023

Referred to the House Committee on Ways and Means.