HOUSE 5988118th CongressPlaced on the Union Calendar, Calendar No. 249.

United States-Taiwan Expedited Double-Tax Relief Act

Last Action: 12/12/2023

Actions

2023-12-12Placed on the Union Calendar, Calendar No. 249.
2023-12-12Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
2023-12-12Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
2023-11-30Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
2023-11-30Committee Consideration and Mark-up Session Held
2023-10-25Referred to the House Committee on Ways and Means.
2023-10-19Introduced in House
2023-10-19Introduced in House

CRS Summary

As of 2023-10-19 (00)

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 of withholding of taxes, the application of permanent establishment rules, treatment of income from employment, and the determination of the residency of citizens of Taiwan.

Cosponsors (20)

RICHARD NEAL (D-MA)
Adrian Smith (R-NE)
Mike Kelly (R-PA)
David Schweikert (R-AZ)
Darin LaHood (R-IL)
Lloyd Smucker (R-PA)
Gregory Murphy (R-NC)
David Kustoff (R-TN)
Claudia Tenney (R-NY)
Blake Moore (R-UT)
Michelle Steel (R-CA)
Mike Carey (R-OH)
Linda Sánchez (D-CA)
Suzan DelBene (D-WA)
Judy Chu (D-CA)
Brad Wenstrup (R-OH)
Jimmy Gomez (D-CA)
Stacey Plaskett (D-VI)
Daniel Kildee (D-MI)
Nicole Malliotakis (R-NY)

Subjects

Accounting and auditing
Administrative law and regulatory procedures
Asia
Athletes
Congressional oversight
Department of the Treasury
Foreign and international corporations
Foreign property
Immigration status and procedures
Income tax rates
Interest, dividends, interest rates
Securities
Service industries
Taiwan
Tax administration and collection, taxpayers
Taxation of foreign income
U.S. and foreign investments
Wages and earnings

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