Wyoming Moves to Lift Cryptocurrency Property Tax
Go Wyoming - let it be the beginning... and another reason to vote Republican.
"Wyoming just gave Americans another reason to live there. In a one-two punch to the US Fed, the Wyoming Senate Bill 111 was introduced on Feb. 16, moving to exempt cryptocurrencies from property taxation, solidifying the state’s business tax-friendly reputation and lifting its profile for blockchain businesses in the interim."
"If the bill passes, not only would it be a boon for Wyoming’s economy... it could inspire other US states to similarly remove any hurdles that would interfere with the proliferation of the cryptocurrency market."
"The bill, which is being sponsored by half-a-dozen Republican Senators and Representatives, includes virtual currencies among a list of other intangible items that “shall be exempt from property taxation” as soon as the bill becomes law. It defines virtual currencies as “any type of digital representation of value that is 1.) used as a medium of exchange, unit of account or store of value, and 2.) is not recognized as legal tender by the US government.”
Full story and image source: https://www.ccn.com/wyoming-moves-to-lift-cryptocurrency-property-tax/
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That is great news! Hopefully more states will follow suit.
HB0070 bill states:
Wyoming has a few other pending bills which are related to blockchain and cryptocurrency including HB0019 and SF0111, more details on the bills: Wyoming Is On A Roll: New Bill Exempts Tokens From Securities Law
More great news, thanks for the info
Thanks for sharing i will done upvote I always see your post. And follow you
This is really smart legislation. I do hope it passes and becomes an influencer for other bodies of government.
That is a win for cryptocurrency, Wyoming and America! Praise God.
nice
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