RATE Group | Crypto tax bill dismissed by New Hampshire at the committee level
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Crypto tax bill dismissed by New Hampshire at the committee level

17 Jan Crypto tax bill dismissed by New Hampshire at the committee level

Posted at 06:56h in Cryptocurrency News by

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  • The bill would have allowed for payment of taxes and fees in the form of crypto in New Hampshire if approved.
  • The bill was deemed “inexpedient to legislate.”

According to an earlier report by CoinDesk, two New Hampshire lawmakers initiated an effort that would have allowed the payment of taxes and fees in the form of cryptocurrency, back in January 2019. Had it been approved, the bill would have instructed the New Hampshire state treasurer to “develop an implementation plan for the state to accept cryptocurrencies as payment for taxes and fees and allows state agencies to accept payment in cryptocurrencies after July 1, 2020.” 

However, as per LegiScan data, the General Court’s Executive Departments and Administration Committee voted 17-1 on November 13 to disregard the bill. This has been confirmed by the broader body of legislators by voice vote last week. 

The effort by the lawyers mirrored legislation filed in 2015, which would have enabled the…

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