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.

# HR 33 Summary **What the Bill Does** HR 33 would change how the U.S. tax code treats certain residents of Taiwan who earn income from American sources. Currently, foreign residents are typically taxed differently than U.S. citizens and permanent residents on their U.S.-based income. This bill would create special tax rules specifically for eligible Taiwan residents, though the bill's language doesn't specify exactly what those rules would be or whether they would increase or decrease their tax burden. **Who It Affects** The bill primarily affects Taiwan residents who earn money in the United States—this could include athletes, business owners, investors, or workers receiving wages, dividends, or interest from U.S.

sources. It may also indirectly affect U.S. companies doing business with Taiwan and the Treasury Department, which would need to administer any new rules. **Current Status** HR 33 passed the House of Representatives but has not yet been considered by the Senate. The bill was introduced by Representative Jason Smith (R-Missouri) in the 119th Congress. Further action would require Senate consideration and approval before it could become law.