New Hampshire Bitcoin Tax Bill Fails To Get Majority Votes

A bill filed by state representative Eric Schleien last year that would have allowed New Hampshire residents to pay their taxes and fees using bitcoin, failed to receive support. The New Hampshire House of Representatives voted 264 to 74 to kill the bill on Wednesday, CoinDesk reported.

During the initial debates, the bill faced opposition with representatives raising questions regarding exchange rate risks the state would be subject to due to fluctuating bitcoin market prices.

Moreover, the subcommittee weighing the bill also recommended that it be voted ‘ineligible to legislate' – meaning the measure should be shelved.

The voting result was taken positively by Schleien, who considered 74 votes as a good start. He told CoinDesk that he plans to submit a similar bill two years from now and would work with those legislators that did vote for the measure in the future.

​"Seventy-four votes for the bill. Good showing for a first time. More education and outreach needed. More activism needed," said Schleien.