H.R. 33
Reduces taxes on certain income from Taiwan
Provides special tax rules and lower tax rates for certain residents and corporations of Taiwan with income from U.S. sources.
- Sets tax rates on certain interest, dividends, and royalties at 10 or 15 percent
- Exempts certain qualified wages and athletic income from U.S. taxes
- Outlines strict rules to determine qualified resident status for individuals and corporations
Passed the House · Senate's turn