[1] Initially founded by the Council for Cultural Affairs of the Republic of China in 2001, it has been organized by the National Museum of Taiwan Literature since 2005.
[3] Following the abolishment of the province, preparation of the award was transferred to the Council for Cultural Affairs of the Executive Yuan in 2002 and carried out by the private organization Literary Taiwan Foundation (文學臺灣) until 2004.
In 2005, the total number of submissions to the Taiwan Literature Awards fell from 794 in 2004 to 378 in 2005.
In 2008, Awards for Original Works in Native Languages was introduced, with categories rotating annually among Taiwanese, Hakka, Indigenous languages, and Mandarin, covering genres as poetry, prose, and short stories.
Starting from 2019, the Bud Awards was introduced to honor three new writers annually.