Data / Federal rules / 2024-07118
Excise Tax on Repurchase of Corporate Stock-Procedure and Administration
The Internal Revenue Service published this proposed rule in the Federal Register on April 12, 2024. Comments closed on May 13, 2024.
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What the agency says
This document contains proposed regulations that would provide guidance regarding reporting and payment 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 on this topic is published elsewhere this issue of the Federal Register to propose rules on the general application of, and exceptions to, this new excise tax.
Key facts
- Document number
- 2024-07118
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking
- Agency
- Treasury Department; Internal Revenue Service
- Published
- April 12, 2024
- Comments due
- May 13, 2024
- Dates
- Written or electronic comments and requests for a public hearing must be received by May 13, 2024.
- Docket
- REG-118499-23
- Regulation ID (RIN)
- 1545-BQ60
- Code of Federal Regulations
- 26 CFR 58
- Topics
- Excise taxes; Reporting and recordkeeping requirements
- Pages
- 6
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Everything from the Internal Revenue Service · Rules on excise 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.