Vermont Bill Would Tax Cryptocurrency Transactions

Law360, New York (January 11, 2018, 8:02 PM EST) -- A bill introduced this month in Vermont would create a $0.01 tax on digital currency transactions while exempting new digital currency companies from a slew of current state taxes, making it one of the first bills of its type focused on taxing the exchange of the booming cryptocurrency market amid growing regulatory scrutiny.

S.269, sponsored by state Sen. Alison Clarkson, D-Woodstock, and introduced Jan. 3, proposes having a newly created "digital currency limited liability company" remit to Vermont the equivalent of $0.01 in the form of its own digital currency per transaction "for each unit of currency mined or otherwise created"...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!