The state of Oklahoma enacted House Bill 1600 on 30 May, 2024, introducing a new sales and use tax exemption for specific equipment used in digital asset mining.
This exemption covers sales of machinery, equipment, and electricity used for commercial digital asset mining in colocation facilities.
The exemption will be effective from 1 November, 2024, to 31 December, 2029.
Related Posts
Uruguay has ratified the US-Uruguay Exchange of Information Agreement (2023) through Law No. 20351. The legislation is currently pending publication in the Official Gazette. Signed on 24 October 2023, under the agreement Uruguay and the US will
Read More
The IRS published a guidance (Rev. Proc. 2024-37) for issuers of tax-exempt and other tax-advantaged bonds for claiming refunds of any overpayment of certain amounts paid to the US government on 18 September 2024. The guidance pertains to issuers
Read More The Department of Treasury and Internal Revenue Service released IR-2024-240 on 18 September 2024, announcing proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit. The Inflation Reduction Act amended
Read More
The Congressional Research Service (CRS) of the US Library of Congress has explored options for reforming estate taxation as per the R48183 report on 16 September 2024. The estate tax is imposed on bequests at death, whereas the gift tax applies
Read More The US Internal Revenue Service (IRS) has published guidance for taxpayers regarding whether a tax treaty between the US and a specific country provides a reduced tax rate or possibly a total exemption from US income tax for residents of that
Read More The US Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced a USD 5 billion in New Markets Tax Credits (NMTCs) on 19 September 2024. The latest development brings the total awards granted through the NMTC
Read More
