New Hampshire Bitcoin Tax Bill Facing Defeat
A New Hampshire legislative subcommittee has recommended that the state's House of Representatives kill a bill that, if enacted, would allow citizens to pay their taxes with bitcoin. The bill, filed by state representative Eric Schleien earlier this year, calls for the state treasury to select a third-party service through which it could accept bitcoin, with New Hampshire receiving US dollars in return. A subcommittee formed to debate the issue recommended that the bill be voted "ineligible to legislate", a move that, if confirmed by the House, would shelve the bill. However, the measure....
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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....
On January 20th, the New Hampshire House of Representatives voted 264-74 to defeat HB552, a bill that would have allowed the state government to accept payment of taxes and fees in Bitcoin. In 2015, the bill was tabled to be voted on at a later date so it could be further studied. CoinTelegraph spoke to four of the legislators supporting the measure (and who have been active in pushing for pro-Bitcoin legislation over the years), three of whom served as co-sponsors: Representative Eric Schleien (the bill’s primary sponsor), Representative Keith Ammon, Representative James Spillane, and....
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....
A bitcoin-related bill in New Hampshire which exempts persons using virtual currency from registering as money transmitters in New Hampshire drew significant support during a commerce committee hearing. If approved, House Bill 436 will allow companies to operate without having to follow strict KYC and AML restrictions. The bill, sponsored by Rep. Barbara Biggie and co-sponsored by Reps. Keith Ammon and John Hunt, passed the state house of representatives last month. The speakers in favor far outnumbered those speaking against, the latter which was really only the New Hampshire banking....
New Hampshire has a well-earned reputation for being one of the most libertarian, progressive, and affluent municipalities in the United States. And we have covered its natural love of the revolutionary digital currency Bitcoin here at CCN. Now, the one of the smallest states in the Union is looking to take a leading step in United States history with the proposal to allow New Hampshire residents to pay taxes and other state-sanctioned fees in Bitcoin. New Hampshire looking to work with Bitcoin. New Hampshire House Bill "NH HB552", introduced February 12th by eight New Hampshire state....