New Hampshire Not Quite Ready To Accept Bitcoin Tax Payments This Year
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....
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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....
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....
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....
A new bill proposed in New Hampshire could obligate the state treasury to draw up plans to accept Bitcoin as payment for taxes. Proposed by independent Republican representative for New Hampshire, Eric Schleien, bill HR552 would obligate 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.” With a total of eight sponsors including both Republicans and Democrats, the bill was first introduced to the House on January 1. It now sits with the Ways and Means committee, a standing body tasked with reporting....
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....