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Rhode Island Proposes Bitcoin Tax Exemption Bill
Senate Bill S2021 could make small $BTC transactions tax-free at state level.
Key Points:
🔹 Up to $5,000/month or $20,000/year exempt from state capital gains tax
🔹 Applies to individuals & businesses
🔹 Starts January 1, 2027 (1-year trial)
🔹 Self-certification - no individual transaction reporting needed
⚠️ Federal taxes still apply
#Rhode Island joining the race to become crypto-friendly. Could set precedent for other US states.
More states following this path in 2026? 👇
Senate Bill S2021 could make small $BTC transactions tax-free at state level.
Key Points:
🔹 Up to $5,000/month or $20,000/year exempt from state capital gains tax
🔹 Applies to individuals & businesses
🔹 Starts January 1, 2027 (1-year trial)
🔹 Self-certification - no individual transaction reporting needed
⚠️ Federal taxes still apply
#Rhode Island joining the race to become crypto-friendly. Could set precedent for other US states.
More states following this path in 2026? 👇
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