Ohio’s HB 116 Clears House, Opening Doors for Tax Breaks and Mining Protections

The Ohio House of Representatives has passed House Bill 116. The bill, titled the Ohio Blockchain Basics Act, received a decisive vote of 68 to 26, highlighting strong bipartisan support. This legislation exempts crypto transactions under $200 from capital gains taxes in Ohio. It also includes provisions for crypto mining operations, marking a major step toward crypto adoption on the state level source: https://beincrypto.com/ohio-crypto-tax-blockchain-basics-act/