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Repealing Stock Buyback Tax: Benefits for Savers and Retirees

This bill aims to eliminate a specific tax imposed on companies when they repurchase their own stock. Removing this tax could potentially impact citizens' savings and retirement funds, as companies might have more resources for investments or shareholder distributions.
Key points
The act repeals the excise tax on corporate stock repurchases, potentially increasing company financial flexibility.
This change could indirectly affect investments and dividends, which is relevant for individuals holding stocks or retirement funds.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_515
Sponsor: Rep. Kustoff, David [R-TN-8]
Process start date: 2023-01-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting American Savers and Retirees Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_515.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-25.

What are the main provisions?

Key points include:

  • The act repeals the excise tax on corporate stock repurchases, potentially increasing company financial flexibility.
  • This change could indirectly affect investments and dividends, which is relevant for individuals holding stocks or retirement funds.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kustoff, David [R-TN-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy