Loading chat...
GA HB1342
Bill
Status
Introduced
2/14/2022
Primary Sponsor
Don Parsons
Click for details
AI Summary
- Exempts electricity used in the commercial mining of digital assets (cryptocurrency) from Georgia's state sales and use tax
- Limits the exemption to mining operations conducted at colocation facilities of at least 75,000 square feet in aggregate located in Georgia
- Defines "digital assets" as virtual currency utilizing blockchain technology that can be digitally traded between users and converted or exchanged for legal tender
- Defines "commercial mining of digital assets" as the process of using blockchain technology to mine digital assets for commercial purposes
- Amends Code Section 48-8-3 of the Official Code of Georgia Annotated by adding a new exemption paragraph (68.2)
Legislative Description
Sales and use tax; sale or use of electricity used in commercial mining of digital assets; exempt
Last Action
House Second Readers
2/17/2022
Committee Referrals
Ways and Means2/15/2022
Full Bill Text
No bill text available