Nevada has become the first state to ban local governments from taxing blockchain use.
In addition to preventing local governments from taxing the use of a blockchain or smart contract (or requiring a licensure for their use), the bill stipulates "if a law requires a record to be in writing, submission of a blockchain which electronically contains the record satisfies the law" – meaning that data from a blockchain can be introduced in "proceedings".
The measure enjoyed broad support in the Nevada legislature, public records show. The Senate advanced it by a 21-0 vote in April, followed by the House of Representatives, which also passed it unanimously.
It's the second blockchain-related bill to be signed into law in recent days. On 29th May, Arizona Governor Doug Ducey signed a bill that recognizes the legality of blockchain signatures and smart contracts.
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