Safe Harbor for Taxpayers with Forked Assets Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 17, 2021)
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 just happenedMay 17, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMay 17, 2021
- May 17, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 17, 2021IntroReferralIntro-H
Introduced in House
- May 17, 2021IntroReferral1000
Introduced in House