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Three Fascinating Examples Of State Tax Law Intersecting Technology | TaxConnections
As we welcome the New Year, I thought it would be fun to look at a few areas where state tax laws and technology are coming together. Keep reading for three different updates that share ways modern tech is affecting states’ revenue. 1. Ohio Accepts Cryptocurrency for State Tax Payments Cryptocurrency like Bitcoin has been around for a while now, yet Ohio is setting an interesting state tax precedent by allowing businesses to pay their fees with the digital currency. This is especially interesting as these types of currency are known for volatility. However, the state’s taken this into consideration. OhioCrypto explains: