The invoice proposes a gross sales tax exemption for miners that may apply to their utility payments. If handed, Oklahoma would tax crypto mining operations “in a fashion just like historic types of manufacturing or industrial processing,” two industries that previously served because the bedrock of the state’s economic system. Certainly, Montgomery’s invoice is an express name to “encourage” an area crypto business to saddle up in Oklahoma “somewhat than [in] competing states,” akin to neighboring Texas.
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