Bill116th CongressFiled Jan 16, 2020Taxation
H.R. 5635
Virtual Currency Tax Fairness Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jan 16, 2020)
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 just happenedJan 16, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. DelBene, Suzan K. [D-WA-1](D-WA)Sponsor
4 cosponsors2 D2 R
4cosponsors1committees3actions5subjects
- Introduced in HouseJan 16, 2020
- Jan 16, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 16, 2020IntroReferralIntro-H
Introduced in House
- Jan 16, 2020IntroReferral1000
Introduced in House