S.2127

Wall Street Tax Act of 2025 imposes a tax on certain trading transactions.

The Wall Street Tax Act of 2025 amends the Internal Revenue Code to impose a tax on certain trading transactions. The tax applies to purchases of securities and transactions involving derivatives, with exceptions for initial issuances and certain types of contracts. The tax rate varies over time, starting at 0.02% and increasing to 0.1%. The tax is paid by the qualified board or exchange, the broker, or the purchaser or seller, depending on the transaction. The Secretary of the Treasury is directed to provide guidance and regulations to prevent avoidance of the tax.