Legis Daily

Virtual Currency Tax Fairness Act of 2022

USA117th CongressHR-6582| House 
| Updated: 2/3/2022
Suzan K. DelBene

Suzan K. DelBene

Democratic Representative

Washington

Cosponsors (5)
David Schweikert (Republican)Darren Soto (Democratic)Byron Donalds (Republican)Donald S. Beyer (Democratic)Tom Emmer (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Virtual Currency Tax Fairness Act of 2022 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.
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Timeline

Bill from Previous Congress

HR 116-5635
Virtual Currency Tax Fairness Act of 2020
Feb 3, 2022
Introduced in House
Feb 3, 2022
Referred to the House Committee on Ways and Means.
Jul 28, 2022

Latest Companion Bill Action

S 117-4608
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-5635
    Virtual Currency Tax Fairness Act of 2020


  • February 3, 2022
    Introduced in House


  • February 3, 2022
    Referred to the House Committee on Ways and Means.


  • July 28, 2022

    Latest Companion Bill Action

    S 117-4608
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Taxation

Virtual Currency Tax Fairness Act of 2022

USA117th CongressHR-6582| House 
| Updated: 2/3/2022
Virtual Currency Tax Fairness Act of 2022 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5635
Virtual Currency Tax Fairness Act of 2020
Feb 3, 2022
Introduced in House
Feb 3, 2022
Referred to the House Committee on Ways and Means.
Jul 28, 2022

Latest Companion Bill Action

S 117-4608
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-5635
    Virtual Currency Tax Fairness Act of 2020


  • February 3, 2022
    Introduced in House


  • February 3, 2022
    Referred to the House Committee on Ways and Means.


  • July 28, 2022

    Latest Companion Bill Action

    S 117-4608
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Suzan K. DelBene

Suzan K. DelBene

Democratic Representative

Washington

Cosponsors (5)
David Schweikert (Republican)Darren Soto (Democratic)Byron Donalds (Republican)Donald S. Beyer (Democratic)Tom Emmer (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted