H.R. 3273 · 117th Congress
Safe Harbor for Taxpayers with Forked Assets Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
EmmerSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill excludes from gross income, for income tax purposes, any amount received as forked convertible virtual currency.
What it does: CRS summary · Introduced in House · May 17, 2021
Safe Harbor for Taxpayers with Forked Assets Act of 2021
This bill excludes from gross income, for income tax purposes, any amount received as forked convertible virtual currency. It also establishes a safe harbor period during which certain penalties and additional taxes applicable to a taxpayer who receives a forked convertible virtual currency are suspended until the Internal Revenue Service issues regulations or guidance, or legislation is enacted, that addresses specified issues related to the tax treatment of such currency.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Safe Harbor for Taxpayers with Forked Assets Act of 2021
Latest action (May 17, 2021): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 17, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.