HR 5635
116th Congress
House
Taxation
Currency
Digital media
Income tax exclusion
Internet and video services
Internet, web applications, social media
Virtual Currency Tax Fairness Act of 2020
Introduced: January 16, 2020
Introduced by:
DelBene, Suzan K.
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 16, 2020
Referred to the House Committee on Ways and Means.
Jan 16, 2020
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1