Bill115th CongressFiled Sep 7, 2017Taxation
H.R. 3708
To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.
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Under committee review
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What it doesSummary introduced in house (Sep 7, 2017)
This bill amends the Internal Revenue Code (IRC) to exclude from gross income up to $600 (adjusted for inflation after 2018) in gain from the sale or exchange of virtual currency for other than cash or cash equivalents. "Virtual currency" is a digital representation of value that is used as a medium of exchange and is not otherwise currency under provisions of the IRC related to foreign currency transactions.
What just happenedSep 7, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Schweikert, David [R-AZ-6](R-AZ)Sponsor
5 cosponsors1 D4 R
5cosponsors1committees3actions2related bills5subjects
- Introduced in HouseSep 7, 2017
- Sep 7, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 7, 2017IntroReferralIntro-H
Introduced in House
- Sep 7, 2017IntroReferral1000
Introduced in House