This bill proposes to amend existing statutes regarding the regulation of taxes and fees imposed by local governments on individuals or entities running nodes on blockchain technology. Under the new provisions, b. a city or town may not impose a tax or fee on any person or entity for running a node on blockchain technology in a residence. This subsection does not apply to a tax levied pursuant to section 42-6012. Additionally, it clarifies that the regulation of the act of running a node on blockchain technology in a residence and the imposition of a tax or fee on a person or entity running a node on blockchain technology in a residence is a matter of statewide concern, thus not subject to further regulation by a city or town. The bill also includes similar provisions for counties, stating b. a county may not impose a tax or fee on any person or entity for running a node on blockchain technology in a residence. This subsection does not apply to a tax levied pursuant to section 42-6110. It further emphasizes that the regulation of the act of running a node on blockchain technology in a residence and the imposition of a tax or fee on a person or entity running a node on blockchain technology in a residence is of statewide concern and not subject to further regulation by a county. The bill also makes technical and conforming changes to ensure clarity and consistency in the definitions of "blockchain technology" and "running a node on blockchain technology."

Statutes affected:
Introduced Version: 9-500.42, 11-269.22, 42-6012, 44-7061
Senate Engrossed Version: 9-500.42, 11-269.22, 42-6012, 44-7061