118th Congress · SENATE BILLBILL

S. 4011 — Stop Subsidizing Giant Mergers Act

“A bill to amend the Internal Revenue Code of 1986 to end the tax-free treatment of certain corporate reorganizations that involve large corporations.”

Taxation

Introduced Mar 21, 2024

Last action Mar 21, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 21, 2024

Step 2

Referred

Mar 21, 2024

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill eliminates the deferral of tax for shareholders who receive stock through corporate mergers, acquisitions, or transfers involving corporations with annual gross receipts exceeding $500 million over the three preceding taxable year period.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Mar 21, 2024

Introduced in Senate

Mar 21, 2024

Read twice and referred to the Committee on Finance.