HR 5988 · 118th Congress · Taxation

United States-Taiwan Expedited Double-Tax Relief Act

Introduced 2023-10-19· Sponsored by Rep. Smith, Jason [R-MO-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 249.(2023-12-12)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5988, United States-Taiwan Expedited Double-Tax Relief Act

Jan 9, 2024

As reported by the House Committee on Ways and Means on December 12, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

7 Democrats13 Republicans
Rep. Neal, Richard E. [D-MA-1]MA
Rep. Smith, Adrian [R-NE-3]NE
Rep. Kelly, Mike [R-PA-16]PA
Rep. Schweikert, David [R-AZ-1]AZ
Rep. LaHood, Darin [R-IL-16]IL
Rep. Smucker, Lloyd [R-PA-11]PA
Rep. Murphy, Gregory F. [R-NC-3]NC
Rep. Kustoff, David [R-TN-8]TN
Rep. Tenney, Claudia [R-NY-24]NY
Rep. Moore, Blake D. [R-UT-1]UT
Rep. Steel, Michelle [R-CA-45]CA
Rep. Carey, Mike [R-OH-15]OH
Rep. Sánchez, Linda T. [D-CA-38]CA
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Chu, Judy [D-CA-28]CA
Rep. Wenstrup, Brad R. [R-OH-2]OH
Rep. Gomez, Jimmy [D-CA-34]CA
Del. Plaskett, Stacey E. [D-VI-At Large]VI
Rep. Kildee, Daniel T. [D-MI-8]MI
Rep. Malliotakis, Nicole [R-NY-11]NY