H.R. 8899

Digital Asset PARITY Act

3 cosponsors

Where it stands

Referred to the House Committee on Ways and Means. (May 19)

No roll-call votes yet.

No official summary yet.

Sec. 1. Short title

Sec. 2. Tax treatment of regulated payment stablecoin transactions

Sec. 3. Digital asset trading safe harbor

Sec. 4. Tax treatment of digital asset lending agreements and related matters

Sec. 5. Application of wash sale rules to digital assets

Sec. 6. Mark-to-market election

Sec. 7. Application of constructive sale rules to digital assets

(a) In general. Section 1259 is amended by inserting digital asset, after debt instrument, each place it appears.

(b) Effective date. The amendment made by this section shall apply to constructive sales after the date of enactment of this Act.

Sec. 8. Treatment of digital assets acquired through validation activities

Sec. 9. Charitable contributions and qualified appraisals

Sec. 10. Tax treatment of certain digital asset activities

Sec. 11. Definitions

Sec. 12. Study and report on relief for digital asset consumer transactions