Oklahoma Governor Signs Bill Exempting Bitcoin Miners from Sales Tax on Electricity Bills

Oklahoma Governor Signs Bill to Exempt Bitcoin Miners from Electricity Sales Tax. (Bitcoin Magazine) In May, the U.S. state of Oklahoma signed a bill to protect crypto-related rights, HB 3594. The state legislature website shows that Governor Kevin Stitt approved the bill on May 13 and it will take effect on November 1. Under the new law, the Oklahoma government cannot prohibit, restrict or impair the use of cryptocurrencies in purchases and rights such as self-custody. In addition, state and local governments cannot impose additional taxes or other fees specifically for cryptocurrencies, apply legal currency taxes, and it is legal to participate in any type of mining in the state to protect local home crypto mining and mining businesses.