118th Congress · SENATE BILLBILL

S. 413 — Stock Buyback Accountability Act of 2023

“A bill 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.”

Taxation

Introduced Feb 14, 2023

Last action Feb 14, 2023

Pipeline · Bill → Law

Step 1

Introduced

Feb 14, 2023

Step 2

Referred

Feb 14, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases from 1% to 4% the rate of the excise tax on the repurchase of corporate stock.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Feb 14, 2023

Introduced in Senate

Feb 14, 2023

Read twice and referred to the Committee on Finance.