A Nevada Senate Bill that seeks to recognize and authorize the use of blockchain technology, and prohibit a local government from taxing or imposing restrictions upon the use of the technology, has received unanimous support of senators, public records show.
Filed by Senator Ben Kieckhefer in March, Nevada Senate Bill 398 aims to create a legal basis for the use of blockchain technology and smart contracts under state law. It states:
"A local governmental entity shall not: (a) Impose any tax or fee on the use of a blockchain or smart contract by any person or entity; (b) Require any person or entity to obtain from the local governmental entity any certificate, license or permit to use a blockchain or smart contract; or (c) Impose any other requirement relating to the use of a blockchain or smart contract by any person or entity."
CoinDesk reported that the senators in the state of Nevada advanced the bill with 21-0 vote, after just over a month of deliberation.
The bill has now been forwarded to the Assembly for further consideration.
