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H.R. 515 — Protecting American Savers and Retirees Act | PoliFocus

H.R. 515118th Congress

Protecting American Savers and Retirees Act

To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.

Sponsors

Rep. Kustoff, David [R-TN-8]

2 cosponsors

Subjects

Taxation

Summary

Protecting American Savers and Retirees Act

This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.

Full Text

Legislative Actions

2023-01-25
Introduced in House
2023-01-25
Introduced in House
2023-01-25
Referred to the House Committee on Ways and Means.

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