A bill to terminate the United States-People's Republic of China Income Tax Convention if the People's Liberation Army initiates an armed attack against Taiwan.

This bill would require the U.S. Treasury to notify China of termination of the 1984 U.S.-China Income Tax Convention if the Chinese military attacks Taiwan. The termination notice must be sent within 30 days after the President confirms such an attack. The President must also inform the Senate Foreign Relations and Finance committees about the termination. The bill directly affects the tax treaty governing cross-border taxation between U.S. and Chinese individuals and businesses.