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S. 4011

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to end the tax-free treatment of certain corporate reorganizations that involve large corporations.
About This Bill
Committee
Latest Action · March 21, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
March 21, 2024
Cosponsors (1)
0D 1R
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Summary

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Stop Subsidizing Giant Mergers Act This bill eliminates the deferral of tax for shareholders who receive stock through corporate mergers, acquisitions, or transfers involving corporations with annual gross receipts exceeding $500 million over the three preceding taxable year period.

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