The bill proposes a sales tax exemption for miners that would apply to their utility bills. If passed, Oklahoma would tax crypto mining operations “in a manner similar to historical forms of manufacturing or industrial processing,” two industries that formerly served as the bedrock of the state’s economy. Indeed, Montgomery’s bill is an explicit call to “encourage” a local crypto industry to saddle up in Oklahoma “rather than [in] competing states,” such as neighboring Texas.
Credit: Source link
