Home / Agencies / Treasury / 2025-20721
Final Rule

Excise Tax on Repurchase of Corporate Stock

Agency
Treasury
Document Number
2025-20721
Published
November 24, 2025
Effective Date
November 24, 2025

Abstract

This document contains final regulations that provide guidance regarding the application of the excise tax on repurchases of corporate stock made after December 31, 2022. The regulations affect certain publicly traded corporations that repurchase their stock or whose stock is acquired by certain specified affiliates.

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

View Full Text on FederalRegister.gov →

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Frequently Asked Questions

What is the 2025-20721 Federal Register document?
Document 2025-20721 is a Final Rule published by the Department of the Treasury in the Federal Register on November 24, 2025, with an effective date of November 24, 2025. This document contains final regulations that provide guidance regarding the application of the excise tax on repurchases of corporate stock made after December 31, 2022. The regulations affect certain publicly traded corporations that repurchase their stock or whose stock is acquired by certain specified affiliates. View the original at https://www.federalregister.gov/documents/2025/11/24/2025-20721/excise-tax-on-repurchase-of-corporate-stock.
Is document 2025-20721 an economically significant rule?
No. Document 2025-20721 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.

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