H.R. 5988, United States-Taiwan Expedited Double-Tax Relief Act
As reported by the House Committee on Ways and Means on December 12, 2023
By Fiscal Year, Millions of Dollars
2024
2024-2028
2024-2033
Direct Spending (Outlays)
0
0
0
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
0
0
Spending Subject to Appropriation (Outlays)
0
*
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034?
No
Statutory pay-as-you-go procedures apply?
No
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2034?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
* = between zero and $500,000.
Summary
H.R. 5988 would amend portions of the Internal Revenue Code and authorize the Administration to negotiate with and enter into one or more bilateral agreements with Taiwan to provide relief for certain income tax filers.