HR 5083
117th Congress
House
Taxation
Cryptocurrency Tax Reform Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 23, 2021
Referred to the House Committee on Ways and Means.
Aug 23, 2021
Introduced in House
Plain-English summary
Cryptocurrency Tax Reform Act
This bill modifies the definition of broker for tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1