Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House tax committee defeats, then tables bill allowing cryptocurrency payments after amendment
Summary
Lawmakers in the House Taxation Committee amended HB 453 to shift collection responsibility for crypto payments to the payer and require third‑party conversion to dollars; the amendment passed but the bill failed on final passage and was then tabled.
The House Taxation Committee took executive action on House Bill 453, a measure to allow cryptocurrency payments to the state, amending the bill to address Department of Revenue concerns before ultimately defeating the measure and tabling it for later consideration.
Representative Craig moved an amendment that removed language treating crypto as state capital gains taxation and clarified that the person paying in cryptocurrency — not the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat