Last Action | 03/26/24: to Committee on Committees (S) |
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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 |
02/26/24 |
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03/05/24 |
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03/11/24 |
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03/12/24 |
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03/13/24 |
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03/15/24 |
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03/25/24 |
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03/26/24 |
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Amendment | House Committee Substitute 1 |
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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)