New York Senator Proposes Bitcoin Mining Tax

[tradelikepro]

A New York State Senator has introduced a bill to impose progressive taxes on Bitcoin mining firms, targeting the largest operators. Taxes would fund utility subsidies for residents, aiming to offset electricity costs associated with energy-intensive mining operations.

[jacson4]

A new bill in New York proposes progressive taxes on major Bitcoin mining firms, with proceeds funding residential utility subsidies.
Lawmakers say the measure would help offset rising electricity costs caused by high energy consumption from large-scale mining operations.

[EmTeam]

New York lawmakers are moving to tax Bitcoin mining firms based on energy usage, targeting the biggest operators first.
Revenue from the proposed tax would fund utility bill relief for residents, balancing the benefits of innovation with community energy needs.