Require DOR to accept income tax payments in cryptocurrency

HB 453 would require the Department of Revenue to establish a program allowing taxpayers to pay state income taxes using cryptocurrency. The department would contract with third-party payment processors to convert cryptocurrency payments into U.S. dollars before the state receives them. A key provision is that using cryptocurrency for state tax payments would not be considered a taxable event for state capital gains tax purposes. This bill would affect taxpayers choosing to pay their state income taxes with cryptocurrency, applying to income tax years beginning after December 31, 2025.