{"id":20982,"date":"2022-06-25T22:08:59","date_gmt":"2022-06-25T22:08:59","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20982"},"modified":"2022-06-25T22:08:59","modified_gmt":"2022-06-25T22:08:59","slug":"tax-rules-on-cryptocurrency-airdrops-head-to-arizona-governor","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20982","title":{"rendered":"Tax Rules on Cryptocurrency \u2018Airdrops\u2019 Head to Arizona Governor"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Recipients of free cryptocurrency airdropped to digital wallets wouldn\u2019t have to pay income tax on the value under legislation Arizona state lawmakers passed late Friday. <\/p>\n<p>The bill (<a target=\"_blank\" href=\"https:\/\/www.azleg.gov\/legtext\/55leg\/2R\/bills\/HB2204C.pdf\" rel=\"noopener\">H.B. 2204<\/a>), which now heads to Gov. Doug Ducey (R) for consideration, is among the earliest efforts to put into Arizona law the tax treatment of virtual currencies and digital collectibles known as non-fungible tokens, or NFTs. State revenue agencies across the country are <a target=\"_blank\" href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-state\/taxing-nfts-is-tricky-but-puerto-rico-washington-are-trying\" rel=\"noopener\">weighing their approaches<\/a> to the growing markets, though most have yet to issue guidance, according to Bloomberg &#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-state\/tax-rules-on-cryptocurrency-airdrops-head-to-arizona-governor\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recipients of free cryptocurrency airdropped to digital wallets wouldn\u2019t have to pay income tax on the value under legislation Arizona state lawmakers passed late Friday. The bill (H.B. 2204), which now heads to Gov. Doug Ducey (R) for consideration, is among the earliest efforts to put into Arizona law the tax treatment of virtual currencies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[2468,3336,52,4604,719,929],"class_list":["post-20982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-airdrops","tag-arizona","tag-cryptocurrency","tag-governor","tag-rules","tag-tax"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/crypto-mining-using-june-6.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20982"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20982\/revisions"}],"predecessor-version":[{"id":20984,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20982\/revisions\/20984"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20983"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20982"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}