# 2025-20721: IRS Locks In Excise Tax on Stock Buybacks: Guidance for Public Companies Drops

2025-20721, Excise Tax on Repurchase of Corporate Stock, is a Federal Register rule from Treasury Department, Internal Revenue Service published 2025-11-24, effective 2025-11-24 (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2025-20721
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-20721
- Title: Excise Tax on Repurchase of Corporate Stock
- Type: Rule
- Agencies: Treasury Department; Internal Revenue Service
- Citation: 90 FR 53144
- Published: 2025-11-24
- Effective: 2025-11-24
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: 1545-BQ59
- Last updated: 2026-06-11

## In one line

IRS Locks In Excise Tax on Stock Buybacks: Guidance for Public Companies Drops

## Summary

Starting November 24, 2025, certain publicly traded companies that buy back their own stock will face a new excise tax. This rule applies to stock repurchases made after December 31, 2022, and aims to clarify how the tax works. Companies should get ready because this could affect their finances and reporting.

## 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.

## Effects PRIA read

No economic effects identified for this document.

## Related documents

- [2026-20447](https://policyrisk.com/federal-register/2026-20447): Transparency in Coverage, 2026-10-06
- [2026-20277](https://policyrisk.com/federal-register/2026-20277): Federal Scholarship Tax Credit, 2026-10-02
- [2026-20026](https://policyrisk.com/federal-register/2026-20026): Trump Accounts, 2026-09-30
- [2026-20027](https://policyrisk.com/federal-register/2026-20027): Trump Accounts, 2026-09-30
- [2026-18219](https://policyrisk.com/federal-register/2026-18219): Car Loan Interest Deduction, 2026-09-08
- [2026-17622](https://policyrisk.com/federal-register/2026-17622): Federal Independent Dispute Resolution Operations; Correction, 2026-08-28

## Sources
- [2025-20721 on federalregister.gov](https://www.federalregister.gov/documents/2025/11/24/2025-20721/excise-tax-on-repurchase-of-corporate-stock)
- [2025-20721 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-11-24/pdf/2025-20721.pdf)

## Related
- [Previous: 2025-20681, Medicare Program; End-Stage Renal Disease Prospective Payment System, Payment f…](https://policyrisk.com/federal-register/2025-20681)
- [Next: 2025-20726, Drawbridge Operation Regulation; Bass River, Beverly, MA](https://policyrisk.com/federal-register/2025-20726)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-20721 (as of 2026-06-11).