[Nulled] » Cryptocurrency Blogs » The state of Georgia is ready to provide miners with tax benefits
February 19 2022

The state of Georgia is ready to provide miners with tax benefits

It looks like Georgia will be the last US state to consider potential tax breaks for cryptocurrency miners.

Georgia House Bill 1342, introduced on February 14, aims to "exempt from the sale or use of electricity used for commercial mining of digital assets." It was introduced by a quintet of Republican deputies.

This move is not surprising, given the widespread presence of miners in Georgia. This year, Fortune magazine reported that large American firms, such as Foundry, are actively working in the state.

The 13WMAZ report for last year shows that cheap nuclear energy has made the state an attractive location for miners.

Illinois lawmakers are also considering providing incentives for data centers and bitcoin miners.

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Information the publication:

  • Author of the publication: root
  • Date of publication: 19 February 2022 12:21
  • Publication category(s): Cryptocurrency Blogs»,Mining Blogs
  • Number of views of the publication: 281
  • Number of comments to the publication: 0

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