A new bill submitted by the lawmakers in the state of New Hampshire are currently considering a bill to legalize payment of fees and taxes in Bitcoin (BTC), according to documents that were originally published on January 3rd and made the digital currency news.
The NH HB470 bill is currently making its way through the chambers of the local goverment, being pushed as the bill that aims to redefine state payments. Sponsored by Republicans Dennis Acton and Michael Yakubovich, this bill is the latest attempt to get New Hampshire to accept Bitcoin for state payments.
Even though the idea for this bill was first born in 2015, it is now close to officialization. As an excerpt from it reads:
“This bill requires the State Treasurer […] to develop an implementation plan for the state to accept cryptocurrencies as payment for taxes and fees beginning July 1, 2020. The plan shall address any accounting, valuation and management issues and also identify an appropriate third party payment processor that will process cryptocurrency transactions at no cost to the state. The State Treasurer is required to submit the plan to the Governor, House and Senate by November 1, 2019.”
The Granite State’s renowned efforts on Bitcoin come at a time when many local governments throughout the US are choosing to forge their own path in this industry. Wyoming is one of them and the leader in terms of jurisdiction, paired with its more progressive stance on the issue, introducing a bill to legally define crypto as money earlier this month.
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