Senate Bill 340

Last Action 03/07/22: to Appropriations & Revenue (S)
Title AN ACT relating to the commercial mining of cryptocurrency.
Bill Documents Introduced
Bill Request Number 2058
Sponsor B. Smith
Summary of Original Version Amend KRS 154.27-010 to define "colocation facility" and "computing system node"; amend KRS 154.27-020 to provide sales tax incentives on purchase of computing system nodes; amend KRS 154.27-030 to prevent delays in processing application; allow the authority to issue preliminary and final approval at the same meeting; amend KRS 154.27-070 to allow certain incentives for colocation facilities as of the date of application once final approval is received; EFFECTIVE August 1, 2022.
Index Headings of Original Version Economic Development - Incentives for energy-related business, colocation facilities
Effective Dates, Delayed - August 1, 2022
State Agencies - Department of Revenue, incentives for energy-related business program
State Agencies - Economic Development, incentives for energy-related business program
Taxation - Sales and use tax, incentives for energy-related business program
Taxation, Sales and Use - Incentives for energy-related business program, colocation facility, exemption


  • introduced in Senate
  • to Committee on Committees (S)
  • to Appropriations & Revenue (S)

Last updated: 2/8/2023 2:57 PM (EST)