New Hampshire Lawmakers Debate Accepting Bitcoin for Tax Payments
The New Hampshire state legislature held a pair of hearings earlier this month that focused on how the state could create a means for residents to pay taxes and fees using bitcoin. Up for debate is a bill recently filed by state representative Eric Schleien that would open the door for the state to accept bitcoin. The bill is currently being weighed by the New Hampshire General Court Ways and Means Committee. If passed, the bill would allow New Hampshire to partner with a bitcoin company to accept bitcoin payments and receive US dollars. Similar efforts are underway in states like Utah to....
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The state of New Hampshire isn’t accepting tax payments in the form of Bitcoin, yet. In what would have otherwise been a landmark legislative development in the application of Bitcoin, the New Hampshire House of Representatives has collectively decided that they are not quite ready to accept tax payments in the form of Bitcoin. Last year a bill named HR522 was introduced to the New Hampshire State Legislature by Representative Eric Schleien (R). The billed was pegged with the following description: “This bill requires the state treasurer, in consultation with the commissioner of the....
A legislative effort that would have allowed New Hampshire residents to pay their tax bills using bitcoin has been defeated. The New Hampshire House of Representatives voted 264 to 74 to kill the bill on 20th January – a move that came just over a year after the measure was first introduced. The bill was introduced by state Representative Eric Schleien last January and proposed letting citizens in New Hampshire pay taxes and fees using the digital currency. If passed, the New Hampshire State Treasurer would have been mandated to select a bitcoin payments firm to process the transactions....
Just recently. Overstock.com began accepting Bitcoin payments. The launch was a massive success, with the company seeing over $125,000 in sales. After less than a week, Overstock has decided to share some statistics on its Bitcoin transactions. The items most purchased with Bitcoin were: Sheets. Cell phone cases. Flash drives. Bath towels. And the number one state for purchases? New Hampshire. New Hampshire had the most transactions per capita, about 14.36 per million residents. Image from Business Insider. Of course, it hasn't really been much time since Bitcoin launched on Overstock.....
Lawmakers in New Hampshire have advanced a proposed law that would exempt bitcoin traders in the state from money transmitter requirements. The bill, HB 436, was passed in the New Hampshire House of Representatives yesterday by a vote of 185-170. With the passage, the measure now moves to the state Senate for further consideration. Public records currently do not indicate when the New Hampshire Senate will take up the bill. Specifically, HB 436 seeks to exempt virtual currency users from having to register as money service businesses, while also creating a formal definition for....
The state motto of New Hampshire is "Live Free or Die". In January 1776, it became the first of the British North American colonies to establish a government independent of Great Britain's authority. So is it any wonder that it may indeed be the most Bitcoin-friendly place in the United States? The new film "101 Reasons: Liberty Lives in New Hampshire" shows what life in New Hampshire is all about. Also, how the revolutionary technology and currency of Bitcoin fit into its public mindset so perfectly. New Hampshire Accepts Bitcoin. The fact that New Hampshire has the highest disposable....