US TAX may be paid with Bitcoin, Ripple, or Ethereum under new plans

THE Arizona Senate passed a bill early this week which could allow its residents in the state to use bitcoin and other cryptocurrencies to pay their taxes.
A bill was passed in the state of Arizona by a 16-13 margin which could enable taxpayers to use bitcoin and other cryptocurrencies in order to pay "tax and any interest and penalties" to the state's Department of Revenue.

The measure has since been sent to the state's House of Representatives for further consideration.

While the measure's success is dependant on both approval in that chamber, as well as any possible settlement required if the House and Senate pass different versions, the successful vote forecasts that the law could come into place.

In January, lawmakers on the Senate's Finance Committee cleared the bill by a 4-3 vote.

Arizona State Republican Jeff Weninger said the tax measure is aimed at making the state an accommodating place for users of the technology.
A bill was passed in the state of Arizona by a 16-13 margin which could enable taxpayers to use bitcoin and other cryptocurrencies in order to pay "tax and any interest and penalties" to the state's Department of Revenue.

The measure has since been sent to the state's House of Representatives for further consideration.

While the measure's success is dependant on both approval in that chamber, as well as any possible settlement required if the House and Senate pass different versions, the successful vote forecasts that the law could come into place.