Ohio House passes bill allowing up to $200 tax-free crypto payments

Ohio’s House passed a bill to legally insulate various crypto activities, such as mining and staking, and exempt some transactions from capital gains tax.

Ohio’s House of Representatives has passed a bill that would give a raft of protections for crypto and exempt crypto transactions below $200 from capital gain taxes. 

State House lawmakers voted 70-26 on Wednesday to pass House Bill 116, titled the Ohio Blockchain Basics Act, which will now head to the state’s Senate before it lands on Governor Mike DeWine’s desk.

The bill passed the state’s Technology and Innovation Committee with bipartisan support in a 13-0 vote earlier in the day.

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