Colorado Now Accepts Bitcoin Funds For Taxes – Bitcoin Journal

Home » Colorado Now Accepts Bitcoin Funds For Taxes – Bitcoin Journal

Colorado has turn out to be the primary U.S. state to simply accept bitcoin for tax funds.

Gov. Jared Polis introduced the implementation of the brand new fee technique on Monday, at Denver Startup Week, in accordance with a report by Axios Denver.

Residents can use cryptocurrency to pay particular person revenue tax, enterprise revenue tax, gross sales and use tax, withholding tax, severance tax and excise gas tax are eligible, per the report.

The state authorities’s Division of Income now lists “cryptocurrency” as a fee technique among the many extra well-established debit and bank cards, ACH debit and credit score, and money.

Leave a Reply

Your email address will not be published.