H.R. 4729 · 118th Congress
Taiwan Tax Agreement Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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ConnollySponsor19 cosponsors · 7 D, 12 R
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Barr
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Bera
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Curtis
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Fallon
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Gallego
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Kim
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Meeks
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McCaul
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Reschenthaler
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Stanton
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Wagner
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Allred
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Balderson
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De La Cruz
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Fry
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Diaz-Balart
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Peltola
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Molinaro
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Pappas11 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill authorizes the United States to enter into a tax agreement with Taiwan.
What it does: CRS summary · Introduced in House · Jul 19, 2023
Taiwan Tax Agreement Act of 2023
This bill authorizes the United States to enter into a tax agreement with Taiwan.
Specifically, the President may, through the American Institute in Taiwan (AIT), negotiate and enter into a tax agreement with the Taipei Economic and Cultural Representative Office (TECRO). (The U.S.-Taiwan relationship is unofficial; TECRO is Taiwan's principal representative office in the United States, while the AIT, a private corporation, performs many of the same functions as U.S. embassies elsewhere.)
The agreement must address issues including (1) the taxation of tax residents of Taiwan, the United States, or both; (2) relief from double taxation; and (3) protection against tax evasion or avoidance. The agreement must conform with the 2016 U.S. Model Income Tax Convention and other customary U.S. bilateral income tax convention terms.
The bill requires the President to notify Congress 15 days before negotiations begin and provide periodic briefings. The Department of the Treasury must brief Congress upon request and provide timely updates during the course of negotiations.
The negotiated agreement may only take legal effect upon submission of the agreement to Congress and the approval of a concurrent resolution in a form prescribed by the bill. The agreement, once in force, must be afforded the same treatment as a treaty under U.S. law.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Taiwan Tax Agreement Act of 2023
Latest action (Jul 19, 2023): Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: International Affairs · Origin: House · Introduced: Jul 19, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.