US HB33

Reduces U.S. withholding tax rates for qualified Taiwan residents on interest, dividends, and royalties from 30% to 10% (15% for most dividends, 10% for dividends to corporations holding at least 10% ownership for 12 months)

Exempts qualified Taiwan residents from U.S. tax on wages paid by non-U.S. employers and on income from entertainment/athletic activities under $30,000 annually

Establishes "qualified resident of Taiwan" criteria including liability to Taiwan tax, ownership/income tests for corporations, and anti-abuse rules excluding entities 50%+ owned by residents of "foreign countries of concern"

Authorizes the President to negotiate a comprehensive U.S.-Taiwan tax agreement, requiring 60-day advance publication, congressional notification, and enactment of approval and implementing legislation before entry into force

Requires the Secretary of the Treasury to confirm Taiwan provides reciprocal tax benefits to U.S. persons before the provisions take effect