PRIA Logo™
115-hr-3708115th Congress

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.

Sponsored By: Representative Schweikert, David [R-AZ-1]

Unknown

Summary

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.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Schweikert, David [R-AZ-1]

AZ • R

Cosponsors

  • Rep. Polis, Jared [D-CO-2]

    CO • D

    Sponsored 9/7/2017

  • Rep. Meadows, Mark [R-NC-11]

    NC • R

    Sponsored 9/14/2017

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 10/25/2017

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 4/12/2018

  • Rep. MacArthur, Thomas [R-NJ-3]

    NJ • R

    Sponsored 4/12/2018

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation