The U.S. Congressional Research Services (CRS) has published an "in focus" report dated 2 November 2021 on An Excise Tax on Stock Repurchases and Tax Advantages of Buybacks over Dividends, providing an overview of the proposed measure in the Build Back Better Act (H.R. 5376).
---
An Excise Tax on Stock Repurchases and Tax Advantages of Buybacks over Dividends
The Build Back Better Act (H.R. 5376), as reported by the Committee on the Budget, includes a provision to impose a 1% excise tax …