US Infrastructure Bill Author Promises Bitcoin Miners and Coders Will Be Exempt
US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill are intended to be as broad as interpreted by Bitcoin policy groups.US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill now moving through Congress are intended to be as broad as interpreted by leading Bitcoin policy groups. Specifically, a spokesman for Sen. Rob Portman (Ohio), who drafted the bill, issued new statements to the Washington Post Tuesday aiming to clarify that Bitcoin miners and software developers would not become the target of the new....
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Reps. Rudy and Freeland's bill would exempt crypto miners from paying either Kentucky sales or excise tax.
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....
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a vote of 228–206 on Friday. Bipartisan Infrastructure Bill Passes to the Tune of $1.2 Trillion The bipartisan infrastructure bill has been a hot topic in recent times and on Friday the bill passed in Congress and now awaits president Biden’s approval. The passing followed....
The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27. The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27.The vote was agreed to after the House narrowly approved the Democrats’ $3.5 trillion budget blueprint in a vote of 220 to 212. Despite some initial pushback from moderate Democrats, the dissident voters were swayed after House Speaker Nancy Pelosi committed to pass the bill before....
The infamous Infrastructure Bill put the IRS in a difficult situation. The bill gave the organization incredible fund tracking superpowers. The thing is, the measurements were impossible to enforce. Now, Bloomberg informs us about a letter that a group of senators received on Friday. It basically says that cryptocurrency miners, stakers, “as well as software […]