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MT HB453

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Randyn Gregg

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Department of Revenue must establish a program allowing state income tax payments using cryptocurrency, contracting with third-party payment processors to handle acceptance, conversion, and remittance
  • All cryptocurrency payments must be converted to U.S. dollars before the state receives them
  • Cryptocurrency used to pay state taxes is exempt from state capital gains taxation—the payment itself is not considered a taxable event
  • Department of Revenue receives rulemaking authority to administer the program and must inform taxpayers of the capital gains exemption
  • Applies to tax years beginning after December 31, 2025

Legislative Description

Require DOR to accept income tax payments in cryptocurrency

Rule Making

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation2/12/2025

Full Bill Text

No bill text available