22. Department of the Treasury · Notable · Needs Congress
Eliminate the net investment income surtax and the base erosion anti-abuse tax
Printed page 697 22. Department of the Treasury
“The net investment income surtax and the base erosion anti-abuse tax should be eliminated.”
What has happened
- Not started
Neither tax was eliminated and one was raised. Section 70331 of Public Law 119-21 struck the scheduled step-up in the base erosion and anti-abuse tax and set the rate at 10.5 percent permanently — an increase from the 10 percent then in force. The section 1411 net investment income surtax of 3.8 percent is not amended anywhere in the enrolled text. Congress moved the other way on the BEAT half of this ask.
Research log
What was searched, and what didn’t count as evidence
Research notes
Leads: H.R. 1911 (payments to foreign related parties subject to sufficient foreign tax not treated as base erosion payments, referred 2025-03-06) and H.R. 2423, Unfair Tax Prevention Act (referred 2025-03-27) — both narrow the BEAT rather than eliminate it, and both are in committee.
- Action
- eliminate
- Object
- net investment income surtax and base erosion anti-abuse tax
- ID
- 1930