S199Referred to Committee

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.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-01-23
Introduced
48
Cosponsors
S
ⓘ
Type

Sponsor

Mike Crapo
Mike Crapo
Republican · ID · Senator
Votes with party: 75.9% (847 recorded votes)
Top industries funding sponsor:
  • Progressive Groups$250k

Full profile: /officials/C000880

Source: Congress.gov · FEC

Cosponsors (48)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2025-01-23

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

This bill would create special tax rules for people who live in Taiwan but earn income from U.S. sources, likely affecting how they report and pay taxes on that American income. The changes would apply specifically to Taiwan residents and could alter their tax obligations compared to other foreign workers earning money in the United States. The proposal is currently under review by the Senate Finance Committee.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Related legislation

Bills by the same sponsor or covering overlapping subjects.