To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.

Bill Number

HR 3963

Introduced

Jul 25, 2019

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Capital gains tax Currency Income tax exclusion Taxation

Full Text

Votes

Summary

Virtual Value Tax Fix Act of 2019

This bill allows an exclusion of gain or loss, for income tax purposes, on like-kind exchanges of virtual currency completed prior to 2025.

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Amendments

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