New Hampshire Legislators Kill Bitcoin Tax Bill
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....
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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....
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....
New Hampshire legislators have rejected a bill that asked for the state’s treasurer to “develop an implementation plan for the state to accept bitcoin as payment for taxes and fees beginning July 1, 2017”. The New Hampshire House Bill 552 (HB 552) was introduced in 2015 by Eric Schleien, a Republican member of the New Hampshire House of Representatives. The action plan of the Bill was as follows: “The state treasurer, in consultation with the commissioner of the department of revenue administration and the commissioner of the department of administrative services, shall develop an....
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....