A bill to amend the Internal Revenue Code of 1986 to end the tax-free treatment of certain corporate reorganizations that involve large corporations.
Stop Subsidizing Giant Mergers Act
This bill eliminates the deferral of tax for shareholders who receive stock through corporate mergers, acquisitions, or transfers involving corporations with annual gross receipts exceeding $500 million over the three preceding taxable year period.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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