HR 3273
117th Congress
House
Taxation
Safe Harbor for Taxpayers with Forked Assets Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2021
Referred to the House Committee on Ways and Means.
May 17, 2021
Introduced in House
Plain-English summary
Safe Harbor for Taxpayers with Forked Assets Act of 2021
This bill excludes from gross income, for income tax purposes, any amount received as forked convertible virtual currency. It also establishes a safe harbor period during which certain penalties and additional taxes applicable to a taxpayer who receives a forked convertible virtual currency are suspended until the Internal Revenue Service issues regulations or guidance, or legislation is enacted, that addresses specified issues related to the tax treatment of such currency.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1