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United States · Bill · HR

H.R. 5635 (116th)

Virtual Currency Tax Fairness Act of 2020

referredUnited States· United States Congress· EN

Introduced

16 January 2020

Last action

16 January 2020 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. DelBene, Suzan K. [D-WA-1], Rep. Schweikert, David [R-AZ-1], Rep. Soto, Darren [D-FL-9], Rep. Emmer, Tom [R-MN-6], Rep. Foster, Bill [D-IL-11]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

Virtual Currency Tax Fairness Act of 2020 This bill excludes from gross income, for income tax purposes, up to $200 of gain from the disposition of virtual currency in a personal transaction. The bill defines virtual currency as a digital representation of value that is used as a medium of exchange and is not otherwise currency.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 16 January 2020

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 16 January 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 January 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 January 2020

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 16 January 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 16 January 2020

    Open at official source

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Sponsors

Related records

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Sources

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