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Ending Stock Buyback Tax: Protecting Savers and Retirees

This act aims to eliminate a specific tax that companies paid for repurchasing their own stock. This change could influence how companies manage their finances, potentially leading to more investments or higher returns for shareholders. For citizens, this means companies might have more funds for growth or dividend payouts, which could indirectly affect the value of their savings and retirement funds invested in stocks.
Key points
The act repeals the excise tax on corporate stock repurchases, potentially increasing corporate financial flexibility.
The change applies to taxable years beginning after December 31, 2024.
This could impact corporate investment strategies and potentially the value of citizens' retirement savings.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_684
Sponsor: Rep. Kustoff, David [R-TN-8]
Process start date: 2025-01-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
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 119_HR_684.

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 2025-01-23.

What are the main provisions?

Key points include:

  • The act repeals the excise tax on corporate stock repurchases, potentially increasing corporate financial flexibility.
  • The change applies to taxable years beginning after December 31, 2024.
  • This could impact corporate investment strategies and potentially the value of citizens' retirement savings.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Taxes Economy