House Bill 5988
118th Congress(2023-2024)
United States-Taiwan Expedited Double-Tax Relief Act
Introduced
Introduced in House on Oct 19, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5988
Congress
118
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
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12/12/2023
Placed on the Union Calendar, Calendar No. 249.
12/12/2023
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-309.
11/30/2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 0.
11/30/2023
Committee Consideration and Mark-up Session Held
10/25/2023
Referred to the House Committee on Ways and Means.
10/19/2023
Introduced in House
Public Record
Record Updated
Nov 8, 2024 7:26:57 PM