Georgia lawmakers consider giving crypto miners tax exemptions in new bill

Georgia lawmakers consider giving crypto miners tax exemptions in new bill

The state is expected to have 56,000 Bitmain miners operating by October as part of an agreement with Bitmain, ISW Holdings, and Bit5iv. Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.On Monday, Georgia Representatives Don Parsons, Todd Jones, Katie Dempsey, Heath Clark, and Kasey Carpenter introduced HB 1342, a bill which has yet to be titled. The legislation proposes to amend the state tax code “to exempt the sale or use of electricity used in the commercial mining of digital assets” and....


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