To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1911 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1911 To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 6, 2025 Mr. Conaway (for himself, Mr. Suozzi, and Mr. Van Drew) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CERTAIN PAYMENTS TO FOREIGN RELATED PARTIES SUBJECT TO SUFFICIENT FOREIGN TAX NOT TREATED AS BASE EROSION PAYMENTS. (a) In General.--Section 59A of the Internal Revenue Code of 1986 is amended by redesignating su…