Georgia House Bill 1043

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 25 2024 - 25% progression
Action: 2024-01-29 - House Second Readers
Pending: House Banks and Banking Committee
Text: Latest bill text (Introduced) [PDF]

A BILL to be entitled an Act to amend Titles 7, 10, 36, 46, and 48 of the O.C.G.A., relating to banking and finance, commerce and trade, local government, public utilities and public transportation, and taxation and revenue, respectively, so as to provide protections relating to the generation and use of virtual currency; to exclude virtual currency mining activities from money transmission licensure requirements; to provide liability protections for persons engaged in such activities; to exclude such activities from the definition of a security; to prohibit local governments from imposing certain restrictions on such activities; to prohibit discriminatory electricity rates; to exclude from taxation net capital gains or losses derived from certain transactions involving virtual currency; to exclude from taxation the sale or lease of certain equipment to be used by virtual currency mining businesses; to provide for related matters; to repeal conflicting laws; and for other purposes.

Blockchain Basics Act; enact

Rep. Scott Hilton [R]

Rep. Trey Rhodes [R]

Rep. Mack Jackson [D]

Date	Chamber	Action
2024-01-29	House	House Second Readers
2024-01-26	House	House First Readers
2024-01-25	House	House Hopper

Type	Source
Summary	https://www.legis.ga.gov/legislation/66336
Text	https://www.legis.ga.gov/api/legislation/document/20232024/221909