To amend the Internal Revenue Code of 1986 to provide for the tax treatment of digital assets.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8899 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8899 To amend the Internal Revenue Code of 1986 to provide for the tax treatment of digital assets. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 19, 2026 Mr. Miller of Ohio (for himself, Mr. Horsford, Mr. Carey, and Ms. DelBene) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for the tax treatment of digital assets. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act'' or the ``Digital Asset PARITY Act''. SEC. 2. TAX TREATMENT OF REGULATED PAYMENT STABLECOIN TRANSACTIONS. (a) In General.--Part III of subchapter O of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 1045 the following new section: ``SEC. 1046. REGULATED PAYMENT STABLECOIN TRANSACTIONS. ``(a) Sale of Regulated Payment Stablecoin.-- ``(1) In general.--In the case of any sale or exchange of a regulated payment stablecoin, no gain or loss shall be recognized on such sale or exchange unless the taxpayer's basis in such stablecoin is less than 99 percent of the redemption value of such stablecoin. ``(2) Redemption value.--For purposes of this subsection, the term `redemption value' means the dollar amount for which the issuer is obligated to redeem such stablecoin. ``(b) Exchange of Regulated Payment Stablecoin.--In the case of any exchange of a regulated payment stablecoin, the acquirer's basis in such stablecoin shall be deemed to be $1. ``(c) Transaction Costs Not Included in Basis.--