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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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Stop Subsidizing Giant Mergers Act
USA118th CongressS-4011| Senate
| Updated: 3/21/2024
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.