House Bill 5988 - United States-Taiwan Expedited Double-Tax Relief Act

Purpose and Summary

Chamber: House

Introduced date: 2023-10-19

Recent Activity

Placed on the Union Calendar, Calendar No. 249.

Alternative Names

United States-Taiwan Expedited Double-Tax Relief Act

United States-Taiwan Tax Agreement Authorization Act

United States-Taiwan Expedited Double-Tax Relief Act

United States-Taiwan Expedited Double-Tax Relief Act

To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.

Associated Legislation

United States-Taiwan Expedited Double-Tax Relief Act

Tax Relief for American Families and Workers Act of 2024

Policy Areas

Taxation

Potential Impact

Administrative law and regulatory procedures

Asia

Congressional oversight

Department of the Treasury

Immigration status and procedures

Income tax rates

Taiwan

Taxation of foreign income

Sponsors and Supporters

Rep. Smith, Jason [R-MO-8]

Cosponsors and Supporters

Rep. Neal, Richard E. [D-MA-1]

Rep. Smith, Adrian [R-NE-3]

Rep. Kelly, Mike [R-PA-16]

Rep. Schweikert, David [R-AZ-1]

Rep. LaHood, Darin [R-IL-16]

Rep. Smucker, Lloyd [R-PA-11]

Rep. Murphy, Gregory [R-NC-3]

Rep. Kustoff, David [R-TN-8]

Rep. Tenney, Claudia [R-NY-24]

Rep. Moore, Blake D. [R-UT-1]

Rep. Steel, Michelle [R-CA-45]

Rep. Carey, Mike [R-OH-15]

Rep. Sánchez, Linda T. [D-CA-38]

Rep. DelBene, Suzan K. [D-WA-1]

Rep. Chu, Judy [D-CA-28]

Rep. Wenstrup, Brad R. [R-OH-2]

Rep. Gomez, Jimmy [D-CA-34]

Del. Plaskett, Stacey E. [D-VI-At Large]

Rep. Kildee, Daniel T. [D-MI-8]

Rep. Malliotakis, Nicole [R-NY-11]

Rep. Van Duyne, Beth [R-TX-24]

Rep. Fitzpatrick, Brian K. [R-PA-1]

Rep. Krishnamoorthi, Raja [D-IL-8]

Rep. Moulton, Seth [D-MA-6]

Rep. Sherrill, Mikie [D-NJ-11]

Rep. Fischbach, Michelle [R-MN-7]

Rep. Panetta, Jimmy [D-CA-19]

Rep. Hern, Kevin [R-OK-1]

Rep. Finstad, Brad [R-MN-1]

Rep. Ellzey, Jake [R-TX-6]

Rep. Gottheimer, Josh [D-NJ-5]

Rep. Cammack, Kat [R-FL-3]

Rep. Owens, Burgess [R-UT-4]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

United States-Taiwan Expedited Double-Tax Relief Act

1/31/2024, 4:41 AM

United States-Taiwan Expedited Double-Tax Relief Act

This bill establishes special rules for the taxation of residents of Taiwan with income from sources within the United States. This includes the reduction of the rate ...

Congress
118
Number
HR - 5988
Introduced on
2023-10-19
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

12/12/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

United States-Taiwan Expedited Double-Tax Relief Act

This bill establishes special rules for the taxation of residents of Taiwan with income from sources within the United States. This includes the reduction of the rate ...

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
Policy Areas
Taxation
Potential Impact
Administrative law and regulatory procedures•
Asia•
Congressional oversight•
Department of the Treasury•
Immigration status and procedures•
Income tax rates•
Taiwan•
Taxation of foreign income

Comments

Recent Activity

Latest Summary11/13/2023

United States-Taiwan Expedited Double-Tax Relief Act

This bill establishes special rules for the taxation of residents of Taiwan with income from sources within the United States. This includes the reduction of the rate ...

Latest Action12/12/2023
Placed on the Union Calendar, Calendar No. 249.