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HR 6973 115th Congress House

Safe Harbor for Taxpayers with Forked Assets Act of 2018

Official title: To provide temporary safe harbor for the tax treatment of hard forks of convertible virtual currency in the absence of administrative guidance.

Introduced: September 28, 2018 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
Taxation Administrative law and regulatory proceduresComputers and information technologyCurrencyInternal Revenue Service (IRS)Tax administration and collection, taxpayers
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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 28, 2018
Referred to the House Committee on Ways and Means.
Sep 28, 2018
Introduced in House
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 Latest action September 28, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Safe Harbor for Taxpayers with Forked Assets Act of 2018

This bill establishes a safe harbor period that prohibits certain penalties and additional taxes from applying to a taxpayer who receives a forked convertible virtual currency until the Internal Revenue Service issues regulations or guidance, or legislation is enacted, that addresses specified issues related to the tax treatment of forked convertible virtual currency.

A "forked convertible virtual currency" is any convertible virtual currency to which the taxpayer becomes entitled by reason of a hard fork. A "hard fork" is any material change in the shared digital ledger which is used to verify by consensus transactions in the currency if the change results in the maintenance of independent shared digital ledgers with respect to the currency.

The legislation, regulations, or guidance must prescribe

  • the tax treatment of receiving forked convertible virtual currency,
  • rules for calculating and allocating the basis of forked convertible virtual currency,
  • rules for calculating the fair market value of forked convertible virtual currency at any given time, and
  • rules for determining the holding period of forked convertible virtual currency.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6973: Safe Harbor for Taxpayers with Forked Assets Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6973/
MLA
"H.R. 6973: Safe Harbor for Taxpayers with Forked Assets Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6973/.
Bluebook (legal)
H.R. 6973, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6973/.
Markdown link
[H.R. 6973: Safe Harbor for Taxpayers with Forked Assets Act of 2018](https://openamerica.io/bill/115-HR-6973/)
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