California may Allow Paying Taxes with Bitcoins-Budrigan ltd Review

California may Allow Paying Taxes with Bitcoins-Budrigan ltd Review

California may Allow Paying Taxes with Bitcoins-Budrigan ltd Review

Budrigantrade.com - California presented a bill that permits individuals to pay for state administrations with crypto.
Another effort to make Bitcoin legal tender was launched.
This is the course that several additional US states are taking.

California now joins the US states that want to use bitcoin to pay their taxes. A bill that was introduced by California Senator Kamlager would make changes to the state's code to make it possible to accept cryptocurrencies. A state agency would be able to accept cryptocurrency as payment for government services under this new bill.

The following is the proposed payment legislation:

Kamlager's introduction of SB 1275 Organs of the state: cryptocurrency. State agencies are established by law for a variety of purposes, including the provision of paid services to the public. A state agency would be able to accept cryptocurrency as payment for government services under this bill.

The following is the proposed payment legislation:

Kamlager's introduction of SB 1275 Organs of the state: cryptocurrency. State agencies are established by law for a variety of purposes, including the provision of paid services to the public. A state agency would be able to accept cryptocurrency as payment for government services under this bill.

Additionally, a proposal to make Bitcoin legal tender is being promoted by the state's political advisors. This is irrelevant and separate from the bill set forward by State Sen. Kamlager.

Several additional states are considering this option as well. Last week, Colorado Governor Jared Polis said that cryptocurrency and bitcoin would be able to be used to pay state taxes in Colorado by this summer.

In a similar vein, Governor Chris Sununu of New Hampshire signed an executive order establishing a commission to investigate and propose new Bitcoin-related laws. Additionally, Missouri wants to cut taxes to encourage adoption of bitcoin. Additionally, two cryptocurrency-related bills were recently introduced by Tennessee State Representative Jason Powell.

In the meantime, it is anticipated that the Biden administration will soon issue an executive order entrusting federal agencies with evaluating the potential dangers and opportunities posed by cryptocurrencies like Bitcoin.

   California may Allow Paying Taxes with Bitcoins-Budrigan ltd Review

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