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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 19, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Jul 19, 2023 to Dec 13, 2023; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Ami Bera | Original | Jul 19, 2023 |
| R-KY | Andy Barr | Original | Jul 19, 2023 |
| R-MO | Ann Wagner | Original | Jul 19, 2023 |
| D-AZ | Greg Stanton | Original | Jul 19, 2023 |
| D-NY | Gregory W. Meeks | Original | Jul 19, 2023 |
| R-PA | Guy Reschenthaler | Original | Jul 19, 2023 |
| R-UT | John R. Curtis | Original | Jul 19, 2023 |
| R-TX | Michael T. McCaul | Original | Jul 19, 2023 |
| R-TX | Pat Fallon | Original | Jul 19, 2023 |
| D-AZ | Ruben Gallego | Original | Jul 19, 2023 |
| R-CA | Young Kim | Original | Jul 19, 2023 |
| D-TX | Colin Z. Allred | Jul 26, 2023 | |
| R-OH | Troy Balderson | Jul 27, 2023 | |
| R-TX | Monica De La Cruz | Sep 12, 2023 | |
| R-SC | Russell Fry | Sep 12, 2023 | |
| R-FL | Mario Diaz-Balart | Sep 18, 2023 | |
| D-AK | Mary Sattler Peltola | Oct 16, 2023 | |
| D-NH | Chris Pappas | Dec 13, 2023 | |
| R-NY | Marcus J. Molinaro | Dec 13, 2023 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jul 19, 2023 |
| House | Rules Committee | Referred Jul 19, 2023 |
Actions 2
Everything that happened, newest first.
- Jul 19, 2023Introduced in House
- Jul 19, 2023Referred 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.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 124, July 19, 2023, page H3858.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1457 | Taiwan Tax Agreement Act of 2023 | Related bill | Jul 25, 2023 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To authorize negotiation and conclusion and to provide for congressional consideration of a tax agreement between the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office (TECRO).
- Short Title(s) as Introduced
- Taiwan Tax Agreement Act of 2023
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
Text 1
Each version as it was printed, newest first.
- Jul 19, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
