118th Congress · HOUSE BILLBILL

H.R. 5988United 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.

Taxation
Introduced Oct 19, 2023
Last action Dec 12, 2023
Pipeline · Bill → Law
Step 1
Introduced
Oct 19, 2023
Step 2
Referred
Oct 25, 2023
Ways & Means
Step 3
Committee
Nov 30, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 12 sectionsReported to House
2 provisions
10 provisions
Timeline · 6 actions
Dec 12, 2023
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 249.
Nov 30, 2023
Committee Consideration and Mark-up Session Held
Nov 30, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
Oct 25, 2023
Referred to the House Committee on Ways and Means.
Oct 19, 2023
Introduced in House