Virtual Currency Tax Fairness Act of 2020
Latest action · Jan 16, 2020 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 16, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Jan 16, 2020 to Dec 10, 2020, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Darren Soto | Original | Jan 16, 2020 |
| R-AZ | David Schweikert | Original | Jan 16, 2020 |
| R-MN | Tom Emmer | Original | Jan 16, 2020 |
| D-IL | Bill Foster | Dec 10, 2020 |
Actions 2
Everything that happened, newest first.
- Jan 16, 2020Introduced in House
- Jan 16, 2020Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 16, 2020Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.