Data / Federal rules / 2024-07117
Excise Tax on Repurchase of Corporate Stock
The Internal Revenue Service published this proposed rule in the Federal Register on April 12, 2024. Comments closed on June 11, 2024.
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What the agency says
This document contains proposed regulations that would provide guidance regarding the application of the new excise tax on repurchases of corporate stock made after December 31, 2022. The proposed regulations would affect certain publicly traded corporations that repurchase their stock or whose stock is acquired by certain specified affiliates. Another notice of proposed rulemaking (REG-118499-23) on this topic is published in the Proposed Rules section of this issue of the Federal Register to propose rules on procedure and administration applicable to this new excise tax.
Key facts
- Document number
- 2024-07117
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking
- Agency
- Treasury Department; Internal Revenue Service
- Published
- April 12, 2024
- Comments due
- June 11, 2024
- Dates
- Written or electronic comments and requests for a public hearing must be received by June 11, 2024.
- Docket
- REG-115710-22
- Regulation ID (RIN)
- 1545-BQ59
- Code of Federal Regulations
- 26 CFR 1; 26 CFR 58
- Topics
- Excise taxes; Income taxes; Reporting and recordkeeping requirements
- Pages
- 88
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| Federal Scholarship Tax Credit 2026-20277 | Proposed rule | Oct 2 |
| Federal Scholarship Tax Credit 2026-20264 | Final rule | Oct 2 |
Everything from the Internal Revenue Service · Rules on excise taxes · Rules on income taxes · Rules on reporting and recordkeeping requirements · Published in April 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.