S 199
A bill 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.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:54 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the United States-Taiwan Expedited Double-Tax Relief Act, amends the Internal Revenue Code to provide special tax rules for certain residents of Taiwan. Specifically, it establishes a 10% tax rate on interest, dividends, and royalties received from U.S. sources, instead of the standard 30%. It also allows Taiwan residents with a U.S. permanent establishment to be taxed as if they were a U.S. entity, and offers reduced tax rates for dividends paid to qualified Taiwan residents holding a significant stake in the issuing company. The bill aims to streamline the taxation of Taiwanese income originating in the United States, fostering economic ties between the two countries.
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