What does Preamble of Stock Buyback Accountability Act of 2026 do?

This bill proposes to amend the Internal Revenue Code of 1986. The amendment aims to increase the rate of the excise tax on the repurchase of corporate stock. The bill is intended for 'other purposes' in addition to the excise tax modification.

What does SHORT TITLE. of Stock Buyback Accountability Act of 2026 do?

This bill is formally titled the Stock Buyback Accountability Act of 2026.

What does MODIFICATIONS TO TAX ON REPURCHASE OF CORPORATE STOCK. of Stock Buyback Accountability Act of 2026 do?

This section modifies the tax on the repurchase of corporate stock. It increases the rate of tax under Section 4501(a) of the Internal Revenue Code of 1986 from 1 percent to 4 percent. Section 4501(c)(3) is amended to create an exception to adjustments for stock issued to certain employees or individuals receiving over $1,000,000 in remuneration. The exception applies to stock issued to employees meeting the criteria of section 162(m)(3) or 162(m)(7)(C), and to individuals receiving remuneration exceeding $1,000,000 for services after December 31, 2025. The amendment to the tax rate applies to stock repurchases after the enactment of this Act. The adjustments under Section 4501(c)(3) apply to stock issued or provided in taxable years ending more than 90 days after the enactment of this Act.

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Stock Buyback Accountability Act of 2026

Last updated: 6/16/2026 · Introduced: 6/16/2026

Author: Charles Schumer (D-NY)

TL;DR (AI)

This bill increases the excise tax rate on corporate stock repurchases from 1% to 4%.
It exempts stock issued to certain employees and high-earning individuals from adjustments to the corporate stock repurchase tax.
The increased tax rate applies to stock repurchases occurring after the bill's enactment, while the adjustment exceptions apply to stock issued more than 90 days after enactment.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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