2022 Regular Session • Kentucky Legislature
SB340: AN ACT relating to the commercial mining of cryptocurrency.
Legislative Summary
Amend KRS 154.27-010 to define "colocation facility" and "computing system node"; amend KRS 154.27-020 to provide sales tax incentives on purchase of computing system nodes; amend KRS 154.27-030 to prevent delays in processing application; allow the authority to issue preliminary and final approval at the same meeting; amend KRS 154.27-070 to allow certain incentives for colocation facilities as of the date of application once final approval is received; EFFECTIVE August 1, 2022.
Bill History
3/3/2022
introduced in Senate
Senate
3/3/2022
to Committee on Committees (S)
Senate
3/7/2022
to Appropriations & Revenue (S)
Senate
Status Information
Current Status
Introduced(3/3/2022)
Chamber
Senate
Committee
Appropriations and Revenue(Senate)
Sine Die
Sponsors
Republican: 1
Primary Sponsor
Brandon Smith
Republican