In H. R. 684, the bill proposes to change the Internal Revenue Code of 1986 by removing the excise tax on the purchase of corporate stock by the corporation itself. This tax removal is intended to come into effect for taxable years starting after December 31, 2024. The bill...
Simple Explanation
In H. R. 684, the bill wants to stop taxing companies when they buy back their own stocks, starting in 2025, and it's being talked about by lawmakers to see if this is a good idea.