Georgia Lawmakers Consider Giving Tax Exemptions to Crypto Miners in New Bill


Five members of the Georgia House of Representatives introduced a bill that would exempt local crypto miners from paying sales and use tax.

On Monday, Georgia Reps. Don Parsons (NYSE:), Todd Jones, Katie Dempsey, Heath Clark and Kasey Carpenter introduced HB 1342, a bill that does not yet have a title. The legislation proposes to amend the state’s tax code “to exempt the sale or use of electricity used in the commercial mining of digital assets” and would likely only apply to commercial miners operating in a facility of at least 75,000 square feet – approximately 6,968 square meters.

Crypto miners. Source: WikiCommons

Continue reading on Coin Telegraph

Warning: Merged media would like to remind you that the data contained in this site is not necessarily in real time or exact. All prices for CFDs (stocks, indices, futures) and Forex are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price, which which means that the prices are indicative and not suitable for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur due to the use of this data.

Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.


About Author

Comments are closed.