State lawmakers in Illinois and Georgia have introduced bills offering bitcoin miners tax breaks to set up shop. iamsandali reports
is looking to entice bitcoin miners by offering tax breaks for energy use. The four Republican lawmakers in Georgia who introduced the bill are seeking to amend the state’s official tax code to include “exemptions from sales and use tax, so as to exempt the sale or use of electricity” used in the commercial mining of digital assets., introduced by State Sen.
But to qualify for the Illinois tax incentive, existing and new enterprises looking to make use of the incentive must first make an investment of no less than $250 million in the state and create at least 20 full-time jobs. Within two years of qualifying, enterprises must also certify they are carbon neutral, according to the proposed bill.
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