Senate Bill S2021 would Make Small $BTC Transactions Tax-Free at State Level: 🔹 Up to $5K/month or $20K/year - no state capital gains tax 🔹 Starts Jan 1, 2027 🔹 Applies to individuals & businesses
Federal taxes still apply. More states to follow? 👀
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Rhode Island Proposes Bitcoin Tax Exemption Bill
Senate Bill S2021 would Make Small $BTC Transactions Tax-Free at State Level:
🔹 Up to $5K/month or $20K/year - no state capital gains tax
🔹 Starts Jan 1, 2027
🔹 Applies to individuals & businesses
Federal taxes still apply. More states to follow? 👀