HR 5635 · 116th Congress · Taxation

Virtual Currency Tax Fairness Act of 2020

Introduced 2020-01-16· Sponsored by Rep. DelBene, Suzan K. [D-WA-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-01-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

2 Democrats2 Republicans
Rep. Schweikert, David [R-AZ-6]AZ
Rep. Soto, Darren [D-FL-9]FL
Rep. Emmer, Tom [R-MN-6]MN
Rep. Foster, Bill [D-IL-11]IL