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SB 340 KY
Introduced

AN ACT relating to the commercial mining of cryptocurrency.

KY · session 2022RS · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Mar 3, 2022

Latest action (Mar 7, 2022) to Appropriations & Revenue (S)

Summary

Amend KRS 154.27-010 to define "colocation facility" and "computing system node"; amend KRS 154.27-020 to provide sales tax incentives on purchase of computing system nodes; amend KRS 154.27-030 to prevent delays in processing application; allow the authority to issue preliminary and final approval at the same meeting; amend KRS 154.27-070 to allow certain incentives for colocation facilities as of the date of application once final approval is received; EFFECTIVE August 1, 2022.

Sponsor (1)

Action history (3)
  1. Mar 3, 2022 introduced in Senate · upper
  2. Mar 3, 2022 to Committee on Committees (S) · upper
  3. Mar 7, 2022 to Appropriations & Revenue (S) · upper
Subjects
Economic DevelopmentEffective Dates, DelayedState AgenciesTaxationTaxation, Sales and Use

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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Data from OpenStates. View on OpenStates →