This bill allows financial institutions to act as custodians for digital assets and virtual currencies. It also provides a clear mechanism for establishing property ownership in digital assets and virtual currencies.
This bill creates a classification for peer-to-peer car-sharing platforms and prevents double-taxation on participating individuals who have already paid sales taxes on their shared vehicles.
This bill will amend the corporate franchise and income tax rates, amend the individual income tax rate, and exempt certain pieces of personal property from sales and use tax.
