To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

7 September 2017

Last action

—

Status

Referred to the House Committee on Ways and Means.

Summary

This bill amends the Internal Revenue Code (IRC) to exclude from gross income up to $600 (adjusted for inflation after 2018) in gain from the sale or exchange of virtual currency for other than cash or cash equivalents. "Virtual currency" is a digital representation of value that is used as a medium of exchange and is not otherwise currency under provisions of the IRC related to foreign currency transactions.

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Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 7 September 2017
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Introduced in House (PDF)
Introduced in House · EN · 7 September 2017
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Introduced in House
summary · EN · 7 September 2017
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Sources

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Official source: https://www.congress.gov/bill/115th-congress/house-bill/3708
Open data entity: https://api.congress.gov/v3/bill/115/hr/3708