PRIA Logo™
116-hr-5635116th Congress

Virtual Currency Tax Fairness Act of 2020

Sponsored By: Representative DelBene, Suzan K. [D-WA-1]

Unknown

Summary

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.

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

DelBene, Suzan K. [D-WA-1]

WA • D

Cosponsors

  • Rep. Schweikert, David [R-AZ-1]

    AZ • R

    Sponsored 1/16/2020

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 1/16/2020

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 1/16/2020

  • Rep. Foster, Bill [D-IL-11]

    IL • D

    Sponsored 12/10/2020

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation