This bill curtails property tax subsidies in many of Utah's water districts, while exempting smaller water districts that face a more complex water reality.
This bill clarifies that the exchange of blockchain tokens does not constitute money transmission and therefore require a license. It also creates a task force of relevant stakeholders to discuss blockchain applications to government processes.
This bill sets up a pathway for financial and peer-to-peer technologies to petition for relief from onerous regulations that poorly apply to their models.