New Introduced Bill Would Exempt Bitcoin From Missouri Taxes

Missouri State Representative Phil Christofanelli introduced a bill on Thursday seeking to exempt bitcoin from property taxes at the state, county, and local levels.

“My goal is to ensure Missouri is open to innovation and opportunity as Bitcoin, other cryptocurrencies, and blockchain applications come to the market,” Rep. Christofanelli said in a statement. “This industry has great potential to enhance Missouri’s push to create greater economic and political freedom and I hope to advance this legislation and further proposals over the next few years.”

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