Bill Sponsor
House Bill 3963
116th Congress(2019-2020)
To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.
Introduced
Introduced
Introduced in House on Jul 25, 2019
Overview
Text
Sponsor
Introduced
Jul 25, 2019
Latest Action
Jul 25, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3963
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Republican
North Carolina
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
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.

Text (1)
July 25, 2019
Actions (2)
07/25/2019
Referred to the House Committee on Ways and Means.
07/25/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:23 PM