State & Local Government Policy, Business and Technology

Arizona Lawmakers Want to Let People Pay Taxes in Bitcoin

Coindesk: A new bill submitted to the Arizona Senate would, if approved, allow people to pay their state tax liabilities using bitcoin or other cryptocurrencies.

Public records show that the bill – sponsored by state Senator Warren Petersen and co-sponsored by three other lawmakers – was submitted for consideration on Jan. 9. It has since been referred to the Arizona Senate Rules Committee for further deliberation.

According to the text, the measure would allow for the use of "a payment gateway, such as bitcoin or other cryptocurrency, using peer-to-peer systems" in order to pay "tax and any interest and penalties" owed to the state government.

The bill goes on to state:

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