Texas Administrative Code
Title 1 - ADMINISTRATION
Part 2 - TEXAS ETHICS COMMISSION
Chapter 22 - RESTRICTIONS ON CONTRIBUTIONS AND EXPENDITURES
Section 22.37 - Virtual Currency Contributions
Universal Citation: 1 TX Admin Code ยง 22.37
Current through Reg. 49, No. 38; September 20, 2024
(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.
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