A4877 — Relates to imposing a specific tax on all corporate stock buybacks of issued shares

A4877 — Relates to imposing a specific tax on all corporate stock buybacks of issued shares · Informed CitizenryThis bill amends the tax law to change how corporations are taxed when they purchase, redeem, or otherwise reacquire their own shares. Specifically, it adds a new subdivision to the tax law stating…Open in Informed Citizenry