27 Feb '15, 5pm

Bitcoin-friendly Bills Unveiled in Utah, New Hampshire, New York City

Pay your taxes in bitcoin? Maybe, if you live in one of three states now considering bills in support of that option. In January, Utah Republican state representative Mark K. Roberts introduced a bill, H.C.R. 6 , to create a Council on Payment Options for State Services that will study how Utah could accept Bitcoin as a valid form of payment. The bill includes the possibility for Utah residents to pay state taxes using Bitcoin. In February, eight New Hampshire state representatives introduced a bipartisan bill, NH HB552 , to propose that New Hampshire should officially accept Bitcoin for taxes and fees. The bill calls for the development of a detailed implementation plan, followed by operational acceptance of Bitcoin by the state before July 1, 2017. It seems almost surreal that Bitcoin, often portrayed by the popular press as a means to avoid taxes and hide cash and illic...

Full article: https://bitcoinmagazine.com/19418/bitcoin-friendly-bills-...

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