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GA SB464

Bill

Official Source

Status

Introduced

2/21/2018

Primary Sponsor

Michael Williams

Click for details

Origin

Senate

2017-2018 Regular Session

AI Summary

  • Requires the Georgia state revenue commissioner to accept cryptocurrency, including but not limited to Bitcoin, as valid payment for taxes and license fees
  • Cryptocurrency accepted must use an electronic peer-to-peer system
  • Commissioner must convert cryptocurrency payments to United States dollars at the prevailing exchange rate within 24 hours of receipt
  • The payor's account shall be credited with the converted dollar amount
  • Amends Code Section 48-2-32 of the Official Code of Georgia Annotated, sponsored by Senators Williams (27th) and McKoon (29th)

Legislative Description

Taxes and License Fees; state revenue commissioner to accept cryptocurrencies for payment; require

Last Action

Senate Read and Referred

2/21/2018

Committee Referrals

Finance2/21/2018

Full Bill Text

No bill text available