Oklahoma Grants Tax Exemption for Digital Mining Equipment: Boost for Crypto Industry

• Oklahoma passed House Bill 1600 on 30 May, 2024
• The bill exempts digital mining equipment from sales and use tax
• The exemption covers machinery, equipment, and electricity used for commercial digital asset mining in colocation facilities
• The exemption will be in effect from 1 November, 2024, to 31 December, 2029.

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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