United States-Taiwan Expedited Double-Tax Relief Act
118-HR-5988118th CongressIntroduced Oct 19, 2023Taxation
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Placed on the Union Calendar, Calendar No. 249.
Sponsor
Rep. Smith, Jason [R-MO-8](R-MO-8)33 cosponsors
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 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.
Subjects
Accounting and auditingAdministrative law and regulatory proceduresAsiaAthletesCongressional oversightDepartment of the TreasuryForeign and international corporationsForeign propertyImmigration status and proceduresIncome tax ratesInterest, dividends, interest ratesSecuritiesService industriesTaiwanTax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investmentsWages and earnings
Actions (8)
Placed on the Union Calendar, Calendar No. 249.
Dec 12, 2023House floor actions
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
Dec 12, 2023House floor actions
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
Dec 12, 2023Library of Congress
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
Nov 30, 2023House committee actions
Committee Consideration and Mark-up Session Held
Nov 30, 2023House committee actions
Referred to the House Committee on Ways and Means.
Oct 25, 2023House floor actions
Introduced in House
Oct 19, 2023Library of Congress
Introduced in House
Oct 19, 2023Library of Congress