3.0.0 5635 2022-02-08T23:17:51Z 2022-02-08T23:17:51Z House HR 2020-01-16 116 [Congressional Record Volume 166, Number 10 (Thursday, January 16, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DelBENE:H.R. 5635.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8[Page H326]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-01-16T14:01:20Z 2020-01-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-01-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-01-16 Introduced in House IntroReferral 1000 9 Library of Congress D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 N S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2020-01-16 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2020-01-16 True E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2020-01-16 True F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2020-12-10 False Taxation Currency Digital media Income tax exclusion Internet and video services Internet, web applications, social media Taxation 00 2020-01-16 Introduced in House 2020-02-13T21:18:54Z 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.

]]> Virtual Currency Tax Fairness Act of 2020 Display Title Virtual Currency Tax Fairness Act of 2020 Official Title as Introduced To amend the Internal Revenue Code of 1986 to exclude from gross income gain from disposition of virtual currency in a personal transaction. Introduced in House IH Short Title(s) as Introduced Virtual Currency Tax Fairness Act of 2020 Introduced in House IH Introduced in House 2020-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5635ih/xml/BILLS-116hr5635ih.xml 2020-01-16 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.