Arizona Endorse Bill To Pay Taxes In Crypto Currency
According to legislative records on March 7th the Arizona House of Representatives passed SB1091 a tax bill which would enable Arizona residents to pay with Crypto Currencies.
This is the first of three reading it needs to pass through to then become law. Rep. Jeff Weninger who sponsored the bill believes it will be more convenient to pay via Crypto and more importantly will bring business to Arizona.
Jeff Weninger went on to say “one of a litany of bills that we’re running that is sending a signal to everyone in the United States, and possibly throughout the world, that Arizona is going to be the place to be for blockchain and digital currency technology in the future.”.
The Bill still has a way to go yet and will require the full Arizona House to vote it in. However with other states namely Georgia and Illinois considering similar bills it shows how Crypto is now being taken very seriously.