The Rules Committee in Arizona’s House of Representatives has approved a bill that would allow the state’s residents to pay taxes with cryptocurrencies, CoinDesk reports. The bill now proceeds to the House floor for a vote. Although other states have considering similar measures, bill SB 1091, if approved, would make Arizona the first in the U.S. to allow residents to pay state income taxes using cryptocurrency. Under the proposed bill, cryptocurrency collected to pay taxes would be converted into dollars at the prevailing rates. Read more here.

ThirtyK Staff
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