SENATE BILL 1296
RS31191 / S1296
This legislation adds a new chapter to Idaho Code related to Bitcoin mining. It contains legislative findings that Bitcoin mining brings positive economic value to individuals, corporations and other interests in the state. This legislation will protect the right of individuals and businesses to mine Bitcoin in the state of Idaho by prohibiting regulations that impose certain requirements on Bitcoin mining. This legislation also prohibits the public utilities commission from establishing rate classifications for Bitcoin mining. It further prohibits regulations that would impair the use of Bitcoin for the purchase of goods and services, and it prohibits special taxes from being enacted solely because Bitcoin is used as a method of payment in a transaction.
There is not expected to be an impact on state or local funding, since this legislation just protects private property rights related to Bitcoin and prohibits certain regulations and special taxation of Bitcoin transactions.
| Date | Description |
|---|---|
| 02/09 | Introduced; read first time; referred to JR for Printing |
| 02/12 | Reported Printed; referred to Commerce & Human Resources |
| 02/29 | Reported out of committee; to 14th Order for amendment |
| 03/28 | Placed in the Committee of the Whole |
| 03/28 | Reported out without recommendation, as amended |
| 03/28 | Amendments ordered printed; referred for engrossment |
| 03/28 | Amendments reported printed |
| 03/28 | Reported engrossed, filed for first reading, as amended |
| 03/28 | Read first time as amended, filed for Second Reading |
| 03/29 | Read second time as amended, filed for Third reading |
| 04/02 | Read third time in full as amended – FAILED - 17-18-0 AYES – Adams, Anthon, Bjerke, Carlson, Den Hartog, Foreman, Grow, Hart, Herndon, Lakey, Lenney, Lent, Nichols, Okuniewicz, Toews, VanOrden, Zuiderveld NAYS – Bernt, Burtenshaw, Cook, Guthrie, Harris, Hartgen, Just, Lee, Rabe, Ricks, Schroeder, Semmelroth, Shea(Ruchti), Taylor, Trakel, Ward-Engelking, Winder, Wintrow Absent and excused – None Floor Sponsor - Herndon Ret’d to House |