S2021Introduced in the Senate
Establishes a simplified exemption from state income tax for small-scale Bitcoin transactions up to $5,000 per month, or $20,000 per taxable year.
Introduced by Peter Appollonio, District 29
What does this bill do?
Plain-English breakdown
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Official description
TAXATION -- PERSONAL INCOME TAX - Establishes a simplified exemption from state income tax for small-scale Bitcoin transactions up to $5,000 per month, or $20,000 per taxable year.
Where it stands
Committee recommended measure be held for further study
June 8, 2026
How did lawmakers vote?
SenateStage: Senate Committee on Finance: Be held for further study · June 8, 2026
9
Yes
0
No
2
Absent or Not Voting
11 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Samuel Zurier | 3 | Yes |
| Frank Ciccone | 7 | Yes |
| Walter Felag | 10 | Absent |
| Louis Dipalma | 12 | Yes |
| Jonathon Acosta | 16 | Yes |
| Brian Thompson | 20 | Yes |
| Jessica de la Cruz | 23 | Yes |
| Lammis Vargas | 28 | Yes |
| Elaine Morgan | 34 | Yes |
| Alana DiMario | 36 | Absent |
Bill history
Introduced, referred to Senate Finance
Scheduled for hearing and/or consideration (06/08/2026)
Committee recommended measure be held for further study
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