| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | I | |
| 2 | 2 | 119THCONGRESS | |
| 3 | 3 | 1 | |
| 4 | 4 | STSESSION H. R. 684 | |
| 5 | 5 | To amend the Internal Revenue Code of 1986 to repeal the excise tax | |
| 6 | 6 | on repurchase of corporate stock. | |
| 7 | 7 | IN THE HOUSE OF REPRESENTATIVES | |
| 8 | 8 | JANUARY23, 2025 | |
| 9 | 9 | Mr. K | |
| 10 | 10 | USTOFFintroduced the following bill; which was referred to the | |
| 11 | 11 | Committee on Ways and Means | |
| 12 | 12 | A BILL | |
| 13 | 13 | To amend the Internal Revenue Code of 1986 to repeal | |
| 14 | 14 | the excise tax on repurchase of corporate stock. | |
| 15 | 15 | Be it enacted by the Senate and House of Representa-1 | |
| 16 | 16 | tives of the United States of America in Congress assembled, 2 | |
| 17 | 17 | SECTION 1. SHORT TITLE. 3 | |
| 18 | 18 | This Act may be cited as the ‘‘Protecting American 4 | |
| 19 | 19 | Savers and Retirees Act’’. 5 | |
| 20 | 20 | SEC. 2. REPEAL OF EXCISE TAX ON REPURCHASE OF COR-6 | |
| 21 | 21 | PORATE STOCK. 7 | |
| 22 | 22 | (a) I | |
| 23 | 23 | NGENERAL.—Chapter 37 of the Internal Rev-8 | |
| 24 | 24 | enue Code of 1986 is repealed. 9 | |
| 25 | 25 | VerDate Sep 11 2014 23:18 Feb 19, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H684.IH H684 | |
| 26 | 26 | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 | |
| 27 | 27 | •HR 684 IH | |
| 28 | 28 | (b) CLERICALAMENDMENT.—The table of chapters 1 | |
| 29 | 29 | for subtitle D is amended by striking the item relating 2 | |
| 30 | 30 | to chapter 37. 3 | |
| 31 | 31 | (c) E | |
| 32 | 32 | FFECTIVEDATE.—The amendment made by 4 | |
| 33 | 33 | this section shall apply to taxable years beginning after 5 | |
| 34 | 34 | December 31, 2024. 6 | |
| 35 | 35 | Æ | |
| 36 | 36 | VerDate Sep 11 2014 23:18 Feb 19, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H684.IH H684 | |
| 37 | 37 | kjohnson on DSK7ZCZBW3PROD with $$_JOB |