Colorado Now Accepts Bitcoin Funds For Taxes – Bitcoin Journal

Colorado has grow to be the primary U.S. state to just accept bitcoin for tax funds.

Gov. Jared Polis introduced the implementation of the brand new cost methodology on Monday, at Denver Startup Week, in line with a report by Axios Denver.

Residents can use cryptocurrency to pay particular person earnings tax, enterprise earnings 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 cost methodology among the many extra well-established debit and bank cards, ACH debit and credit score, and money.

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