Senators in the state of Nevada have unanimously backed a proposal that would block local authorities from instituting taxes or fees on blockchain use.
According to public records, after just over a month of deliberation, the Senate advanced the measure following a 21-0 vote, with zero abstentions.
As CoinDesk reported last month, it’s the first measure of its kind that would prevent local officials from charging money to use a distributed ledger or a smart contract tied to one. Sen. Ben Kieckhefer initially submitted the measure on 20th March.
The bill stipulates:
Other elements of the bill would clear the way for smart contracts and blockchain signatures to become acceptable records under state law, similar to a measure that was signed into law last month in neighboring Arizona.
The bill now moves to the Assembly – the lower chamber of Nevada’s bicameral legislature – for further consideration.
Nevada State Legislature image via Shutterstock
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