The bill proposes that any transactions with digital assets will be subject to a special fee of 0.2% of the transaction amount. The collected taxes are proposed to be directed towards funding preventive programs aimed at combating substance abuse in local schools.
The bill will undergo several stages of consideration. First, it must be put to a vote in the Assembly, then sent to the Senate. If the initiative is approved by the Senate, the document will be sent to the governor, who may sign the bill or attempt to veto it. If the bill is successfully passed, all cryptocurrency transactions will be taxed starting from September 1.#CPIWatch #REVABinanceTGE
