A Democratic amendment with 1 Democratic cosponsor · See the cosponsor
Changes H.R. 1 — One Big Beautiful Bill Act
Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would add a new part to the existing tax code regarding certain income from digital assets.
It would increase the tax imposed on an individual by an amount equal to 100 percent of their applicable digital asset income, after subtracting any related deductions.
The term applicable digital asset income refers to income derived from the issuance of a digital asset by a person described in section 13101(f) of title 5, United States Code, or by a person related to that individual.
A related person is defined as someone whose relationship to the individual would result in a disallowance of losses under section 267 or 707(b).
The Secretary is tasked with creating regulations or guidance to carry out this section and to help determine which items of income are derived from the issuance of digital assets.
These changes would apply to taxable years that begin after the date the Act is enacted.
- 6/29/2025
- 1 Cosponsor added.
- Senate amendment submitted
Mark KellyDemocrat · Arizona