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Georgia lawmakers consider giving crypto miners tax exemptions in new bill -Breaking

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Georgia House of Representatives: Five lawmakers have proposed a bill to exempt local cryptominers from having to pay sales or use tax.

Georgia Representatives Don Parsons; Katie Dempsey (NYSE:), Todd Jones and Katie Dempsey will meet Monday. IntroductionHB 1342 is a bill that has not yet been titled. The legislation proposes to amend the state tax code “to exempt the sale or use of electricity used in the commercial mining of digital assets” and would likely only apply to commercial miners operating in a facility of at least 75,000 square feet — roughly 6,968 square meters.

Source: Cryptominers Source: WikiCommons