AR HB1799

Creates the Arkansas Data Centers Act of 2023 as a new subchapter in Arkansas Code Title 14, Chapter 1, establishing a regulatory framework for digital asset mining businesses in the state

Defines digital asset mining as the use of electricity to power computers for securing or validating blockchain networks, and establishes that mining businesses consuming more than 1 megawatt on an average annual basis must comply with state business laws, local ordinances, utility rules, and employment laws

Permits individuals to operate home digital asset mining at residences using single nodes according to applicable utility rules and rates, and allows digital asset mining businesses in industrial-zoned areas not designated for other uses

Prohibits local governments from discriminating against digital asset mining businesses, including restrictions on sound decibel limits beyond general pollution standards, imposing different requirements than data centers, or rezoning areas with intent to discriminate

Clarifies that persons engaged in digital asset mining shall not be classified as money transmitters under the Uniform Money Services Act, and prevents the Arkansas Public Service Commission from establishing unreasonably discriminatory utility rates for digital asset mining business customers