Insights into the Latest Treasury and IRS Proposed Regulations on Excise Tax for Corporate Stock Repurchases

On April 12, 2024, the Department of the Treasury and the IRS published proposed regulations regarding the application of the stock repurchase excise under § 4501 of the Internal Revenue Code (the “Proposed Regulations”). The Proposed Regulations largely retain the approach set forth in Notice 2023-2 that was issued on December 27, 2022, which constituted prior interim guidance with respect to the stock repurchase excise tax (the “Notice”), but with certain modifications.
Source: Insights into the Latest Treasury and IRS Proposed Regulations on Excise Tax for Corporate Stock Repurchases