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.
In committeeWhat this bill is intended to do
Congress.gov hasn't published an official summary for this bill yet, it usually appears after the bill advances out of committee. The full text is linked below.
Latest action
Jan 16, 2025Received in the Senate and Read twice and referred to the Committee on Finance.
How Congress voted · House roll call 15 · Jan 15, 2025
423 Yea1 Nay9 Not voting
Passed
How each party voted
Republicans212–1
Democrats210–0
Independents1–0
C68
Graded by The Quiet Ledger
The bill amends the Internal Revenue Code to provide special tax rules for certain residents of Taiwan with income from U.S. sources. It aims to reduce double taxation and specifies conditions under which Taiwanese residents can benefit from reduced tax rates. The bill includes detailed definitions and exceptions to ensure clarity and applicability.
Category gradesMembers of The Quiet Ledger see the full per-category breakdown of how this bill was graded.
Structural flags⚑ Spends without a pay-for