H.R. 4602 · 113th Congress
Virtual Currency Tax Reform Act
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
StockmanSponsorNo cosponsors.
Virtual Currency Tax Reform Act - Directs the Internal Revenue Service (IRS) to treat virtual currencies as a foreign currency for federal tax purposes. Defines "virtual currency" as a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.
What it does: CRS summary · Introduced in House · May 7, 2014
Virtual Currency Tax Reform Act - Directs the Internal Revenue Service (IRS) to treat virtual currencies as a foreign currency for federal tax purposes. Defines "virtual currency" as a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.
Imposes a five-year moratorium on any capital gains tax on virtual currencies.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Virtual Currency Tax Reform Act
Latest action (May 7, 2014): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 7, 2014
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.