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HR 3708 115th Congress House

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.

Introduced: April 12, 2018 Introduced by: Schweikert, David Republican · Arizona See on congress.gov
Taxation CurrencyDigital mediaIncome tax exclusionInternet and video servicesInternet, web applications, social media
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 7, 2017
Referred to the House Committee on Ways and Means.
Sep 7, 2017
Introduced in House
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 Latest action September 7, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HCONRES 97 Related bill Directing the Clerk of the House of Representatives to make corrections in the enrollment of H.R. 1.
  • HR 7356 Related bill Token Taxonomy Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 2
R
Emmer, Tom
Minnesota · Apr 12, 2018
MacArthur, Thomas
· Apr 12, 2018
 R
Budd, Ted
North Carolina · Oct 25, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3708: 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.. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3708/
MLA
"H.R. 3708: 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.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3708/.
Bluebook (legal)
H.R. 3708, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3708/.
Markdown link
[H.R. 3708: 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.](https://openamerica.io/bill/115-HR-3708/)
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