House Bill 741

Actions | Amendments
Last Action 03/26/24: to Committee on Committees (S)
Title AN ACT relating to blockchain digital assets.
Bill Documents Current/Final
Introduced
Bill Request Number 1994
Sponsor A. Bowling
Summary of Original Version Create new sections of KRS Chapter 369 to define terms relating to blockchain technology; allow individuals to use digital assets and self-hosted wallets; provide an exemption of income tax for transactions less than $200; allow home digital asset mining and digital asset mining businesses to operate within local ordinances relating to noise pollution; amend KRS 141.019 and 141.039 to conform.
Index Headings of Original Version Local Government - Home digital asset mining and digital asset mining businesses, local noise pollution ordinance
Technology - Home digital asset mining and digital asset mining businesses, local noise pollution ordinance
Taxation, Income--Corporate - Digital asset mining business, transactions under $200, exemption
Taxation, Income--Individual - Home digital asset mining, transactions under $200, exemption
Jump to Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/26/24
  • introduced in House
  • to Committee on Committees (H)
03/05/24
  • to Banking & Insurance (H)
03/11/24
  • taken from Banking & Insurance (H)
  • 1st reading
  • returned to Banking & Insurance (H)
03/12/24
  • taken from Banking & Insurance (H)
  • 2nd reading
  • returned to Banking & Insurance (H)
03/13/24
  • reported favorably, to Rules with Committee Substitute (1)
03/15/24
  • recommitted to Appropriations & Revenue (H)
03/25/24
  • taken from Appropriations & Revenue (H)
  • to Rules (H)
  • posted for passage in the Regular Orders of the Day for Tuesday, March 26, 2024
03/26/24
  • 3rd reading, passed 75-17 with Committee Substitute (1)
  • received in Senate
  • to Committee on Committees (S)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain original provisions; define additional terms; create a new section of KRS Chapter 369 to provide guidelines for operation of a node; amend KRS 286.11-007 to exclude home digital asset mining, digital asset mining business, or the operation of a node from money transmitter license requirements; amend KRS 292.340 to state that digital asset mining or staking as a service shall not be deemed to be offering or selling a security.
Index Headings Information Technology - Digital asset mining business, node operations, staking
Technology - Home digital asset mining and digital asset mining businesses, node operations, requirements
Taxation, Income--Corporate - Digital asset mining business, node operations, staking
Taxation, Income--Individual - Home digital asset mining, node operations, staking

Last updated: 9/26/2024 1:37 PM (EDT)