Home » United States » Texas Administrative Code Title 1 Section 22.37

Texas Administrative Code Title 1 Section 22.37

1 Texas Administrative Code § 22.37 – Virtual Currency Contributions

(a) Virtual currency contributions are considered “in-kind” contributions.

(b) A candidate, officeholder, or political committee must report a gain from the sale of virtual currency contributions on the appropriate schedule if the gain exceeds the reporting threshold set by Section 254.031(9) of the Election Code and amended by § 18.31 of this title (relating to Adjustments to Reporting Thresholds).

(c) The value of a virtual currency contribution shall be reported as the fair market value of the virtual currency upon receipt.

See also  Texas Administrative Code Title 1 Section 58.7

More Posts

Taxation and Development In Nigeria

Taxation and Development In Nigeria Nigeria, the largest economy in Africa1, is at an important point of economic development as the country’s economy hinges on the reform of the

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others