S. 4011 · 118th Congress
Stop Subsidizing Giant Mergers Act
- Stage
- In committee
- Sponsor
- Sheldon Whitehouse
- Introduced
- 2024-03-21
- Latest action
- 2024-03-21 · Introduced in Senate
Summary
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.