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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
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jan 16, 2020
Referred to the House Committee on Ways and Means.
Jan 16, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

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 January 16, 2020

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2 Republican 2
D
Foster, Bill
Illinois · Dec 10, 2020
 R
Emmer, Tom
Minnesota · Jan 16, 2020
 R
Schweikert, David
Arizona · Jan 16, 2020
 D
Soto, Darren
Florida · Jan 16, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5635: Virtual Currency Tax Fairness Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5635/
MLA
"H.R. 5635: Virtual Currency Tax Fairness Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5635/.
Bluebook (legal)
H.R. 5635, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5635/.
Markdown link
[H.R. 5635: Virtual Currency Tax Fairness Act of 2020](https://openamerica.io/bill/116-HR-5635/)
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