HR 3273 United States House · 117th Congress

Safe Harbor for Taxpayers with Forked Assets Act of 2021

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 17, 2021 Last action May 17, 2021
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 17, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
May 17, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

Sponsors