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.

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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Timeline

1. 7 September 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 September 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 September 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 September 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 September 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 7 September 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Schweikert, David [R-AZ-1] · R · Sponsor
• Rep. Polis, Jared [D-CO-2] · D · Sponsor
• Rep. Meadows, Mark [R-NC-11] · R · Cosponsor
• Sen. Budd, Ted [R-NC] · R · Cosponsor
• Rep. Emmer, Tom [R-MN-6] · R · Cosponsor
• Rep. MacArthur, Thomas [R-NJ-3] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Directing the Clerk of the House of Representatives to make corrections in the enrollment of H.R. 1.
• related to ← Token Taxonomy Act