{"abstract":"This document contains proposed regulations that would provide guidance regarding the application of the new excise tax on repurchases of corporate stock made after December 31, 2022. The proposed regulations would affect certain publicly traded corporations that repurchase their stock or whose stock is acquired by certain specified affiliates. Another notice of proposed rulemaking (REG-118499-23) on this topic is published in the Proposed Rules section of this issue of the Federal Register to propose rules on procedure and administration applicable to this new excise tax.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/04/12/2024-07117.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26},{"chapter":null,"citation_url":null,"part":"58","title":26}],"citation":"89 FR 25980","comment_url":"https://www.regulations.gov/commenton/IRS-2024-0017-0001","comments_close_on":"2024-06-11","correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by June 11, 2024.","disposition_notes":null,"docket_ids":["REG-115710-22"],"dockets":[{"supporting_documents":[{"title":"Public Hearing Agenda (REG-115710-22)","document_id":"IRS-2024-0017-0032"}],"agency_name":"IRS","documents":[{"comment_count":25,"comment_start_date":"2024-04-12","updated_at":"2024-10-31T01:01:11.656-04:00","comment_url":"https://www.regulations.gov/commenton/IRS-2024-0017-0001","allow_late_comments":true,"id":"IRS-2024-0017-0001","comment_end_date":"2024-06-12","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":1,"id":"IRS-2024-0017","title":"Excise Tax on Repurchase of Corporate Stock (REG-115710-22)"}],"document_number":"2024-07117","effective_on":null,"end_page":26067,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/04/12/2024-07117.xml","html_url":"https://www.federalregister.gov/documents/2024/04/12/2024-07117/excise-tax-on-repurchase-of-corporate-stock","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-07117?publication_date=2024-04-12","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-04-12/2024-07117/mods.xml","not_received_for_publication":null,"page_length":88,"page_views":{"count":5268,"last_updated":"2026-08-23 20:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-04-12/pdf/2024-07117.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-07117.pdf?1712693727","publication_date":"2024-04-12","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/04/12/2024-07117.txt","regulation_id_number_info":{"1545-BQ59":{"issue":"202504","html_url":"https://www.federalregister.gov/regulations/1545-BQ59/excise-tax-on-repurchase-of-corporate-stock","title":"Excise Tax on Repurchase of Corporate Stock","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202504&RIN=1545-BQ59&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BQ59"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"Public Hearing Agenda (REG-115710-22)","document_id":"IRS-2024-0017-0032"}],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BQ59/excise-tax-on-repurchase-of-corporate-stock","title":"Excise Tax on Repurchase of Corporate Stock"},"comments_count":25,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2024-0017","supporting_documents_count":1,"docket_id":"IRS-2024-0017","document_id":"IRS-2024-0017-0001","regulation_id_number":"1545-BQ59","title":"Excise Tax on Repurchase of Corporate Stock (REG-115710-22)","checked_regulationsdotgov_at":"2024-11-01T01:00:20Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2024-0017-0001","significant":false,"signing_date":null,"start_page":25980,"subtype":null,"title":"Excise Tax on Repurchase of Corporate Stock","toc_doc":"Excise Tax on Repurchase of Corporate Stock","toc_subject":null,"topics":["Excise taxes","Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":89}