HB 1043

Abstract

A BILL to be entitled an Act to amend Titles 7, 10, 36, 46, and 48 of the O.C.G.A., relating to banking and finance, commerce and trade, local government, public utilities and public transportation, and taxation and revenue, respectively, so as to provide protections relating to the generation and use of virtual currency; to exclude virtual currency mining activities from money transmission licensure requirements; to provide liability protections for persons engaged in such activities; to exclude such activities from the definition of a security; to prohibit local governments from imposing certain restrictions on such activities; to prohibit discriminatory electricity rates; to exclude from taxation net capital gains or losses derived from certain transactions involving virtual currency; to exclude from taxation the sale or lease of certain equipment to be used by virtual currency mining businesses; to provide for related matters; to repeal conflicting laws; and for other purposes.