Sec. 103. Sense of Congress relating to the applicability of proposed excise tax to Puerto Rico and the Virgin Islands
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It is the sense of Congress that if the Tax Cuts and Jobs Act (H.R. 1, 115th Congress) is enacted into law, section 4491 of the Internal Revenue Code of 1986 (as added by section 4303 of such Act), relating to the imposition of an excise tax on certain payments from domestic corporations to related foreign corporations, shall not apply to payments made by a domestic corporation to any related corporation created or organized in, or under the law of, a possession or territory of the United States.