Bill cuts taxes for Taiwan residents doing business in the US
H.R. 33 — United States-Taiwan Expedited Double-Tax Relief Act · Filed by Jason Smith (R-MO) · 46 cosponsors · Introduced Jan 3, 2025 · Passed chamber
Your members of Congress
Enter a ZIP to see where your representative and both senators stood on this bill.
Looked up on this device — your ZIP is never stored on our servers.
What it does
The bill lowers taxes on Taiwan income. It cuts withholding taxes from 30 percent to 10 to 15 percent. It lets the President work with Taiwan on a tax deal. Congress would approve any deal instead of the Senate.
Who it affects
Taiwan residents and companies earning US money benefit from lower taxes. US companies with Taiwan offices may pay less tax on earnings. Cross-border workers between the US and Taiwan are affected.
One thing to notice
The bill uses Congress to approve a tax deal with Taiwan. Taiwan entities get lower tax rates than other countries normally get.
From the analysis of the bill text, linked under Primary records below.
Where it stands
46 cosponsors: 30 Republicans, 16 Democrats.
- Jan 3, 2025 — Introduced · Congress.gov: “Introduced in House”
- Jan 3, 2025 — Referred to House Committee on Rules and House Committee on Ways and Means · Congress.gov: “Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be…”
- Jan 15, 2025 — Passed the House · Congress.gov: “On passage Passed by the Yeas and Nays: 423 - 1 (Roll no. 15). (text: CR H160-164)”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
13 groups reported lobbying about this bill. They filed 20 reports from Dec 2025 to Jun 2026.
Those reports show $65,536,980 in lobbying spending. Each report lists about 12 bills. So that money was not all for this bill.
More groups named this bill than 94% of bills with any report.
Jason Smith, who sponsored the bill, received $2,860,780 from PACs for the 2026 election.
- Chamber of Commerce of the U.S.A. — $54,660,000 in 3 reports
- Amazon.com Services LLC — $4,360,000 in 1 report
- Microsoft Corporation — $2,690,000 in 1 report
- Taiwan Semiconductor Manufacturing Company (tsmc) — $1,540,000 in 2 reports
- Semiconductor Industry Association — $880,000 in 2 reports
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- withholding taxes — Money taken from income and sent to the government before a person gets paid
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (33,804 characters) on Jul 8, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,206 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-09-17.
“Bill cuts taxes for Taiwan residents doing business in the US” QuorumCivic. https://share.quorumcivic.app/bill/119/hr33/simple Report an error