Nevada Senate Approves Blockchain Tax Banbr>
The Nevada Senate has approved a bill that would prevent fees or taxes on blockchain use. The proposed law will now move to the Nevada Assembly, the lower house of the Nevada Legislature, for further consideration.
Introduced by Senator Ben Kieckhefer, Bill 398 passed the Senate with a 21-0 vote, with zero abstentions.
The main proposal of the bill is that a local government entity should not be able to impose taxes or fees on the use of a blockchain contract by a person or business, require any person or business to obtain a certificate, license or permit to utilize a blockchain contract, and impose any other requirement with regards to the use of blockchain contracts.