House Bill No. [insert bill number] aims to revise cryptocurrency laws in Montana by establishing a program that allows taxpayers to pay state income taxes using cryptocurrency. The bill directs the Department of Revenue to implement this program through contracts with third-party payment processors, ensuring that all tax payments are ultimately received in U.S. dollars. Additionally, the bill provides definitions for "cryptocurrency" and "third-party payment processor" to clarify the terms used in the legislation.

Importantly, the bill stipulates that payments made with cryptocurrency will not be considered taxable events for state capital gains taxation purposes. This provision is designed to encourage the use of cryptocurrency for tax payments without imposing additional tax burdens on taxpayers. The act is set to apply to income tax years beginning after December 31, 2025, and includes rulemaking authority for the Department of Revenue to administer the program effectively.