California Introduces Bill to Accept Bitcoin for Taxes

California joins the list of states in the US that are looking to use bitcoin for tax payment. Senator Kamlager of California introduced a bill that would bring changes to the state’s code to allow for the acceptance of cryptocurrencies. This new bill would authorize a state agency to accept cryptocurrency as a method of payment for government services.

The proposed payment legislation is as follows:

SB 1275, as introduced, Kamlager. State agencies: cryptocurrency. Existing law establishes state agencies for various purposes, including to provide certain services to the public for which payment is required. This bill would authorize a state agency to accept cryptocurrency as a method of payment for the provision of government services.

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• Source: https://coinquora.com/california-introduces-bill-to-accept-bitcoin-for-taxes/