,,iv  #aaeth ,,congress  #ast ,session  
,h4 ,,con4 ,,res4 #ig  ,,in ,,the       
,,house ,,of ,,representatives          
,december #ah1 #bjag,mr4 ,polis         
submitted the following concurrent      
resolution2 which was referred to the   
,committee on ,ways and ,means1 and in  
addition to the ,committee on ,house    
,administration1 for a period to be     
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,,concurrent ,,resolution  ,directing   
the ,clerk of the ,house of             
,representatives to make corrections in 
the enrollment of ,h4,r4 #a4  ,that in  
the enrollment of the bill ,h4,r4 #a1   
the ,clerk of the ,house of             
,representatives shall add at the end of
 title ,i the following new subtitle3   
,e ,miscellaneous  #aejja4 ,expansion of
 limitation on deductions for           
expenditures for lobbying ,congress  7a7
 ,in general ,section #afb7;e7 is       

amended in paragraph 7#a77;,d71 by      
inserting 1 or with a ,senator1 a       
,representative in1 or a ,delegate or   
,resident ,commissioner to1 the         
,congress 7or a senior staff member for 
such ,senator1 ,representative1         
,delegate1 or ,resident ,commissioner71 
after executive branch official4  7b7   
,effective date ,the amendments made by 
this section shall apply with respect to
 amounts paid or incurred after         
,december #ca1 #bjag4  4  #aejjb4       
,tax-free production of kombucha  7a7   
,exception from definition of brewer    
,subsection 7d7 of section #ejeb of the 
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7d7 ,brewer
  7#a7 ,in general ,for purposes of this
 chapter1 the term brewer means any     
person who brews beer or produces beer  
for sale4  7#b7 ,exception ,the term    
brewer shall not include any person     
who-- 7,a7 produces only beer exempt    
from tax under subsection 7e7 of section
 #ejec1 or  7,b7 produces only kombucha 

exempt from tax under subsection 7i7 of 
such section4  4  7b7 ,exemption from   
tax ,section #ejec of the ,internal     
,revenue ,code of #aihf is amended--    
7#a7 by redesignating subsection 7i7 as 
subsection 7j72 and  7#b7 by inserting  
after subsection 7h7 the following new  
subsection3  7i7 ,production of kombucha
  7#a7 ,in general ,subject to          
regulation prescribed by the ,secretary1
 any person may1 without payment of tax1
 produce kombucha for consumption or    
sale4  7#b7 ,definition ,for purposes of
 this chapter1 the term kombucha means a
 beverage which-- 7,a7 is fermented     
solely by a symbiotic culture of        
bacteria and yeast1  7,b7 contains not  
more than #a4be percent of alcohol by   
volume1  7,c7 is sold or offered for    
sale as kombucha1 and  7,d7 is derived  
from-- 7i7 sugar1 malt or malt          
substitute1 tea1 or coffee1 and  7ii7   
not more than #bj percent other         
wholesome ingredients4  4  #aejjc4      
,virtual currency  7a7 ,in general ,part

 ,,iii of subchapter ,b of chapter #a of
 the ,internal ,revenue ,code of #aihf  
is amended by inserting after section   
#aci;,g 7as added by this ,act7 the     
following new section3  #aci;,h4 ,gain  
from sale or exchange of virtual        
currency  7a7 ,in general ,gross income 
shall not include gain from the sale or 
exchange of virtual currency for other  
than cash or cash equivalents4  7b7     
,limitation  7#a7 ,in general ,the      
amount of gain excluded from gross      
income under subsection 7a7 with respect
 to a sale or exchange shall not exceed 
#fjj4  7#b7 ,aggregation rule ,for      
purposes of this subsection1 all sales  
or exchanges which are part of the same 
transaction 7or a series of related     
transactions7 shall be treated as one   
sale or exchange4  7c7 ,virtual currency
 ,for purposes of this section1 the term
 virtual currency means a digital       
representation of value that is used as 
a medium of exchange and is not         
otherwise currency under section #ihh4  

7d7 ,inflation adjustment ,in the case  
of any taxable year beginning in a      
calendar year after #bjah1 the dollar   
amount in subsection 7b7 shall be       
increased by an amount equal to--  7#a7 
such dollar amount1 multiplied by  7#b7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 determined by substituting      
calendar year #bjag for calendar year   
#aiib in subparagraph 7,b7 thereof4     
,any increase determined under the      
preceding sentence shall be rounded to  
the nearest multiple of #ej4  4  7b7    
,clerical amendment ,the table of       
sections for part ,,iii of subchapter ,b
 of chapter #a of such ,code is amended 
by inserting after the item relating to 
section #aci;,f the following new item3 
,sec4 #aci;,h4 ,gain from sale or       
exchange of virtual currency4  4  7c7   
,reporting of gains or losses ,the      
,secretary shall issue regulations      
providing for information returns on    

virtual currency transactions for which 
gain or loss is recognized4  7d7        
,effective date ,the amendments made by 
this section shall apply with respect to
 transactions entered into after        
,december #ca1 #bjag4  #aejjd4          
,allowance of deductions and credits    
relating to expenditures in connection  
with marijuana sales conducted in       
compliance with ,state law  7a7 ,in     
general ,section #bhj;,e is amended by  
inserting before the period at the end  
the following3 1 unless such trade or   
business consists of marijuana sales    
conducted in compliance with ,state law4
  7b7 ,effective date ,the amendment    
made by this section shall apply with   
respect to taxable years ending after   
the date of the enactment of this ,act4