New Hampshire Legislators Kill Bitcoin Tax Bill

A legislative effort that would have allowed New Hampshire residents to pay their tax bills using bitcoin has been defeated.

AccessTimeIconJan 21, 2016 at 7:10 p.m. UTC
Updated Sep 11, 2021 at 12:06 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A legislative effort that would have allowed New Hampshire residents to pay their tax bills using bitcoin has been defeated.

The New Hampshire House of Representatives voted 264 to 74 to kill the bill on 20th January – a move that came just over a year after the measure was first introduced.

The bill was introduced by state Representative Eric Schleien last January and proposed letting citizens in New Hampshire pay taxes and fees using the digital currency.

If passed, the New Hampshire State Treasurer would have been mandated to select a bitcoin payments firm to process the transactions and prepare a plan for how to accept bitcoin payments by January 2017.

Yet the bill faced opposition during initial debates. At the time, representatives raised questions about the exchange rate risks the state would experience due to fluctuating market prices of bitcoin.

Last fall, the subcommittee tasked with weighing the bill recommended that it be voted 'inexpedient to legislate' – legal jargon meaning the measure should be killed.

When reached for comment, Schleien told CoinDesk that future steps include working with those legislators that did vote for the measure and that he intended to submit a similar bill two years from now.

​"Seventy-four votes for the bill. Good showing for a first time. More education and outreach needed. More activism needed," said Schleien.

Image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.