This bill proposes to amend current statutes by adding a new section, 35-156, which allows state agencies to enter into agreements with cryptocurrency service providers to accept cryptocurrency as a payment method for various financial obligations, including fines, taxes, and fees. The bill outlines the terms and conditions under which cryptocurrency can be accepted, the payment process to the state, and the responsibilities of individuals using cryptocurrency for payments. Additionally, it defines "cryptocurrency" and "cryptocurrency service provider" to clarify the scope of the new payment method.

Current law mandates that all tax remittances be made through traditional methods such as bank drafts or checks, with no remittance other than cash being considered a final discharge of liability until paid in cash. The bill modifies this by allowing the department to accept cryptocurrency as a valid form of payment, in addition to existing methods. It also updates the language regarding liability for payments made via check, ensuring that taxpayers remain liable until the payment is confirmed, and introduces a new provision for cryptocurrency payments. The act is set to take effect after December 31, 2026.

Statutes affected:
Introduced Version: 35-156, 42-5018, 43-505