Committee Hears Testimony on Ohio 'Blockchain Basics' Bill, Questions Raised on Local Taxes, Mining and Pensions

At a second hearing on House Bill 116 before the House Technology and Innovation Committee, witnesses, the bill sponsor and committee members discussed provisions aimed at creating a statutory framework for blockchain and certain digital-asset transactions in Ohio. Testimony centered on tax treatment for small transactions, local-government tax restrictions, zoning protections for digital-asset "mining," and a provision about public pension evaluations that the sponsor said may be removed.