Several Oklahoma senators have proposed a new bill that proposes to change tax rates for companies engaged in cryptocurrency mining. If the new legislation is adopted, then miners will be able to significantly reduce the cost of purchased equipment, as well as electric energy. They will be provided with special subsidies.
Senators believe that the introduced tax incentives for several million dollars will help companies engaged in mining digital currencies to adapt faster to changing market conditions. Such an initiative of local senators is due, among other things, to the fact that other American states are already taking the necessary measures to attract companies engaged in the extraction of cryptocurrencies.
After all, they not only create even more jobs, but also replenish local budgets with significant tax revenues. Considering that the global economy is currently in decline, so far only the digital sector is showing growth. Therefore, the state authorities, including Oklahoma, are trying to change local legislation to attract companies engaged in the digital economy.
