Summary: H.R.3708 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3708. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/07/2017)

This bill amends the Internal Revenue Code (IRC) to exclude from gross income up to $600 (adjusted for inflation after 2018) in gain from the sale or exchange of virtual currency for other than cash or cash equivalents. "Virtual currency" is a digital representation of value that is used as a medium of exchange and is not otherwise currency under provisions of the IRC related to foreign currency transactions.