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Laws · Kentucky · H.B. 230

H.B. 230: AN ACT relating to the taxation of the commercial mining of cryptocurrency.

Kentucky, 2021 Regular Session. Signed, March 25, 2021.

Last verified

Status Signed Signed, .

Official summary

No official summary is on file yet. The full text is on the legislature's page, linked below.

Description

Create new section of KRS 139 which defines various terms relating to commercial mining of cryptocurrency using blockchain technology, provides sales and use tax exemptions on the tangible personal property directly used and the electricity used in commercial mining of cryptocurrency as of the date of approved application, provides for a four year sunset from July 1, 2021 to June 30, 2025, and requires the amount of the exemption to be reported by the Department of Revenue beginning on January 1, 2022 and every January 1 thereafter; amend KRS 160.613 to exempt electricity used or consumed in the commercial mining of cryptocurrency; amend KRS 160.6131 to define commercial mining of cryptocurrency and colocation facility; amend KRS 131.190 as a conforming change. EFFECTIVE July 1, 2021

As published by the legislature, found through LegiScan, source 1. It is the legislature's own line about the measure, not a summary of it.

Measure Bill.

Sponsors Steven Rudy (R); Chris Freeland (R); Patrick Flannery (R)

Subjects Effective Dates, Delayed, Energy, Taxation, Taxation, Sales and Use, Reports Mandated, Technology, Sunset Legislation, Fiscal Note The legislature's own list.

Official page apps.legislature.ky.gov/record/21RS/hb230.html. Found through LegiScan (bill 1398142), whose data is CC BY 4.0; the citation is the legislature's own page.

What happened, and when

  1. March 25, 2021 Signed

    H.B. 230 was signed. apps.legislature.ky.gov primary source [1] The official action text: signed by Governor (Acts Ch. 122).

  2. March 16, 2021 Passed second chamber

    H.B. 230 passed the Senate. apps.legislature.ky.gov primary source [1] The official action text: enrolled, signed by Speaker of the House.

  3. March 11, 2021 In committee

    H.B. 230 went to committee in the Senate. apps.legislature.ky.gov primary source [1] The official action text: reported favorably, 2nd reading, to Rules.

  4. March 5, 2021 In committee

    H.B. 230 went to committee in the Senate. apps.legislature.ky.gov primary source [1] The official action text: to Natural Resources & Energy (S).

  5. March 4, 2021 In committee

    H.B. 230 went to committee in the Senate. apps.legislature.ky.gov primary source [1] The official action text: received in Senate.

  6. March 4, 2021 Passed first chamber

    H.B. 230 was received in the Senate. apps.legislature.ky.gov primary source [1] The official action text: received in Senate.

  7. March 2, 2021 In committee

    H.B. 230 went to committee in the House. apps.legislature.ky.gov primary source [1] The official action text: reported favorably, to Rules with Committee Substitute.

  8. February 2, 2021 In committee

    H.B. 230 went to committee in the House. apps.legislature.ky.gov primary source [1] The official action text: to Appropriations & Revenue (H).

  9. January 8, 2021 In committee

    H.B. 230 went to committee in the House. apps.legislature.ky.gov primary source [1] The official action text: introduced in House.

  10. January 8, 2021 Introduced

    H.B. 230 was introduced in the House. apps.legislature.ky.gov primary source [1] The official action text: introduced in House.

Newest first. A stage is never overwritten; each entry carries the source it rests on. The status at the top is derived from the newest entry. The action text in Researcher mode is the legislature's own wording.

Sources

  1. H.B. 230 on the legislature's site apps.legislature.ky.gov

Bill data from LegiScan, licensed CC BY 4.0. The record chooses the bills, writes each stage in its own words and cites the legislature's own page for every bill. Bills on this record are also found through the legislatures' own records; the citation is always the legislature's own page or the clerk's own file. This bill was found through LegiScan.

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Data Center Record, "H.B. 230: AN ACT relating to the taxation of the commercial mining of cryptocurrency.", https://datacenterrecord.org/bills/ky-2021-hb-230. Data: Data Center Record, datacenterrecord.org, CC BY 4.0.

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