Missouri Congressman Proposes Bill to Exempt Bitcoin from Property Taxes at State, County and Local Levels

time:2022-02-12 09:30 source:Internet

Rep. Phil Christofanelli of Missouri introduced a bill on Thursday seeking to exempt bitcoin from property taxes at the state, county and local levels. "This industry has great potential to strengthen Missouri's drive to create greater economic and political freedom, and I hope to advance this legislation and further proposals in the coming years," Assemblyman Christofanelli said in a statement. Enacted, House Bill 2672 would classify "digital assets" into three distinct categories based on the purpose of each asset, including virtual currencies, digital securities, and open blockchain tokens. Among them, only virtual currency can receive tax-free treatment.

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