Colorado Now Accepts Bitcoin Payments For Taxes — Bitcoin Magazine

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Col­orado has become the first U.S. state to accept bit­coin for tax payments.

Gov. Jared Polis announced the imple­men­ta­tion of the new pay­ment method on Mon­day, at Den­ver Start­up Week, accord­ing to a report by Axios Den­ver.

Cit­i­zens can use cryp­tocur­ren­cy to pay indi­vid­ual income tax, busi­ness income tax, sales and use tax, with­hold­ing tax, sev­er­ance tax and excise fuel tax are eli­gi­ble, per the report. 

The state government’s Depart­ment of Rev­enue now lists “cryp­tocur­ren­cy” as a pay­ment method among the more well-estab­lished deb­it and cred­it cards, ACH deb­it and cred­it, and cash.

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