HB5988: United States-Taiwan Expedited Double-Tax Relief Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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.
Plain-language summary
This bill would change US tax law to help certain Taiwan residents avoid paying taxes twice on income earned in America. Taiwan residents would get tax relief similar to what people get under existing US tax treaties with other countries. The bill amends the Internal Revenue Code, which is the main federal tax law. It has been introduced in Congress but has not yet advanced to or floor votes.
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HB5988: United States-Taiwan Expedited Double-Tax Relief Act
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Sponsors
Jason Smith
Primary SponsorCo-sponsors (33)
Richard Neal
Adrian Smith
Mike Kelly
David Schweikert
Darin LaHood