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What will be the outcome of the Ohio bill allowing Bitcoin for tax payments by December 31, 2024?
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Resolution / Starting Odds
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Official Ohio state legislature records or announcements
Story
Republican Ohio Senator Reintroduces Bill to Allow Bitcoin for Tax Payments
Sep 30, 2024, 02:54 PM
Ohio State Senator Niraj Antani, a Republican, has introduced a bill that would allow all state and local taxes in Ohio to be paid using Bitcoin and other cryptocurrencies. The proposed legislation aims to make Ohio one of the first states to accept digital assets for tax payments. This bill, if passed, would require the state and local political subdivisions to accept crypto assets for tax and fee payments. The move is seen as a significant step towards broader adoption of cryptocurrencies in government transactions. This re-introduction follows a previously failed crypto tax plan.
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