According to PANews, a new bill, No. 0451, was submitted to the Rhode Island Senate last month, proposing that residents and businesses in the state can conduct up to 10 Bitcoin transactions per month, each valued under $1,000, without incurring state capital gains tax. The bill defines 'Bitcoin sales' as any transaction exchanging Bitcoin for fiat currency or other physical/digital assets. It emphasizes that this exemption applies only to state taxes and does not affect federal tax obligations
source: https://www.binance.com/en/square/post/22316657674922?utm_source=BinanceNewsRSS