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Texas Regulations § 22.37 Virtual Currency Contributions

Up to Chapter 22: Restrictions On Contributions And Expenditures

Regulation Text

(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.

History

Adopted by Texas Register, Volume 48, Number 33, August 18, 2023, TexReg 4481 , eff. 8/23/2023