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Internal Revenue Service (IRS), Treasury.
Final rule; correction and correcting amendments.
This document includes corrections to Treasury Decision 10037 published in the Federal Register on Monday, November 24, 2025. Treasury ( printed page 59380) Decision 10037 contains final regulations that provide guidance regarding the application of the excise tax on repurchases of corporate stock made after December 31, 2022.
Effective date: These corrections are effective on December 19, 2025.
Applicability date: For dates of applicability, see §§ 1.1275-6(f)(12)(iii)(B), 58.4501-6, 58.4501-7(r), and 58.6011-1(d).
Concerning § 58.4501-7, Brittany N. Dobi of the Office of Associate Chief Counsel (International) at (202) 317-5469 (not a toll-free number). For all other issues, Kailee H. Hock of the Office of Associate Chief Counsel (Corporate) at (202) 317-3181 (not a toll-free number).
The final regulations (TD 10037) subject to these corrections are issued under sections 1275, 4501, and 6011 of the Internal Revenue Code (Code).
Accordingly, FR Doc. 2025-20721 (TD 10037), appearing on page 53144 in the Federal Register on Monday, November 24, 2025, is corrected as follows:
1. On page 53150, in the second column, in the first full paragraph, the sixth line from the top of the paragraph is corrected to read “purposes. See § 1.368-2(m)(3)(iii)”.
2. On page 53150, in the third column, in the second full paragraph, the sixth line from the top of the paragraph is corrected to read “§ 1.368-2(m)(3)(iii)), and because such a”.
Accordingly, 26 CFR part 58 is corrected by making the following correcting amendments:
Paragraph 1. The authority citation for part 58 continues to read in part as follows:
Par. 2. Section 58.4501-5 is amended by removing the first two sentences of paragraph (b)(11)(ii) and revising the last sentence of paragraph (b)(11)(iii) to read as follows:
(b) * * *
(11) * * *
(iii) * * * Consequently, Corporation X's stock repurchase excise tax base for its 2025 taxable year is $20x ($100x−$80x).
Oluwafunmilayo A. Taylor,
Chief, Publications and Regulations Section, Associate Chief Counsel. (Procedure and Administration)
[FR Doc. 2025-23460 Filed 12-18-25; 8:45 am]
BILLING CODE 4831-GV-P