Georgia Looks To Join Arizona In Accepting Bitcoin For Tax Payment.

State senators in Georgia have proposed a bill similar to Arizona’s, allowing people to pay their taxes in Bitcoin. Bill GA-SB464 “requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.” This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies. Although the bill allows for payment in cryptocurrencies, the government will convert it back into fiat within 24 hours. The tax agency will then credit the payer with the amount of fiat they converted for.
Read more: https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/?source=Snapzu