Token Taxonomy Act

Summary

Token Taxonomy Act This bill specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600.

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

Timeline

1. 20 December 2018

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 20 December 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 December 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 December 2018 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 December 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 December 2018

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 20 December 2018

  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. Davidson, Warren [R-OH-8] · R · Sponsor
• Rep. Soto, Darren [D-FL-9] · D · Sponsor
• · hswm00 · Standing
• · hsba00 · Standing

Related records

• related to → 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.