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Kentucky Governor Andy Beshear Signs Bitcoin Mining Incentive Bill Into Law


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https://legiscan.com/KY/bill/HB230/2021

The governor of Kentucky, Andy Beshear, has signed a bill meant to incentivize cryptocurrency miners to set up shop in the state into law. 

The new law “provides sales and use tax exemptions on the tangible personal property directly used and the electricity used in commercial mining of cryptocurrency” and amends the state’s utility gross receipts license tax “to exempt electricity used or consumed in the commercial mining of cryptocurrency.”

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