Montana legislation · 2025 Regular Session
Montana HB453: Require DOR to accept income tax payments in cryptocurrency
Status: Chaptered, May 20, 2025
What the bill says
A bill for an act directing the department of revenue to implement a program for accepting tax payments in cryptocurrency through third-party payment processors; clarifying that tax payments made with cryptocurrency are not subject to state capital gains taxation; providing rulemaking authority; providing definitions; providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT DIRECTING THE DEPARTMENT OF REVENUE TO IMPLEMENT A PROGRAM FOR ACCEPTING TAX PAYMENTS IN CRYPTOCURRENCY THROUGH THIRD-PARTY PAYMENT PROCESSORS; CLARIFYING THAT TAX PAYMENTS MADE WITH CRYPTOCURRENCY ARE NOT SUBJECT TO STATE CAPITAL GAINS TAXATION; PROVIDING RULEMAKING AUTHORITY; PROVIDING DEFINITIONS; PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Definitions. As used in [sections 1 through 3], the following definitions apply: (1) "Cryptocurrency" means a digital or virtual currency that uses cryptography for security, operates independently of a central authority, and utilizes blockchain or similar technology to record transactions. (2) "Third-party payment processor" means an entity that facilitates the acceptance, conversion, and remittance of cryptocurrency payments to the department of revenue on behalf of a taxpayer. NEW SECTION. Section 2. Cryptocurrency tax payment program -- rulemaking. (1) The department of revenue shall establish a program to allow the payment of state income taxes using cryptocurrency. (2) The department shall contract with one or more third-party payment processors to facilitate the acceptance, conversion, and remittance of cryptocurrency payments. (3) The program must ensure that the state receives all tax payments in United States dollars. (4) The department may adopt rules necessary to administer the program. - 1 - Authorized Print Version - HB **** 69th Legislature 2025 …
Sponsors
- Gregg, Randyn (R, 78) · primary sponsor
Latest actions
- : (H) Died in Process
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading Concurred
- : (S) Scheduled for 3rd Reading
Subjects: Rule Making, Information Technology, Taxation, Revenue, State, Financial Institutions, Taxation--Individual Income
Common questions
- What is HB453?
- HB453 is a bill in the Montana Legislature (2025 Regular Session): Require DOR to accept income tax payments in cryptocurrency.
- What does HB453 do?
- In its own words: A bill for an act directing the department of revenue to implement a program for accepting tax payments in cryptocurrency through third-party payment processors; clarifying that tax payments made with cryptocurrency are not subject to state capital gains taxation; providing rulemaking authority; providing definitions; providing an applicability date.".
- What is the status of HB453?
- Chaptered as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB453?
- Gregg, Randyn (R, 78).
- Where is the official record for HB453?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3160
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.